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How do you describe a mixed economy?

Sagot :

A mixed economy can be described as a type of economy, wherein the business ownership and control of economic operations is shared by the public as well as private enterprises.

A mixed economy can be referred to or considered as a combination of a command as well as a free economy as its structure of the market. It has government control in some industries, whereas some industries have involvement of private enterprises, thereby granting a free entry and exit to the buyers and sellers in such an economy.

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