ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -In a mixed economy both market forces and government decisions determine which goods and services are produced and how they are distributed.

Detailed explanation-2: -A mixed economic system is a system that combines aspects of both capitalism and socialism. A mixed economic system protects private property and allows a level of economic freedom in the use of capital, but also allows for governments to interfere in economic activities in order to achieve social aims.

Detailed explanation-3: -Mixed Economy-Key takeaways Most countries throughout the world use some type of mixed economy system. Some examples of countries in which the government takes a leading role in the economy are Vietnam, Norway, Singapore, and France.

Detailed explanation-4: -Countries like the United States, United Kingdom, Germany, France, Russia, and China currently have mixed economies.