Mixed economy 2.4
(Mixed Economy)
mixed economy refers to the economic system that combines features of the economic system, capitalism, and socialism.
Mixed economic system known as another generic "the new capitalist economy" as the economy in both Government and the private sector share the responsibility to make decisions about problems with the economic basis. How much amount of production and output sharing among members of society? In this system, the Government will play a role in the planning for some economic activities.
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