Mixed economy an economy that is a mixture of capitalism and socialism. There are production factors, State-owned or controlled a large production, but most of the inputs is a privately owned. Main characteristics of the mixed economy, including the private freedom-
- With the race, but the State may intervene to manufacture it.
- The State operates in some of the State enterprises, such as utilities (electricity, water)
.-A centralized planning and benefits from the State.
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