ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -’A mixed economy consists of both private companies and government/state-owned entities. Both have control of owning, making, selling, and exchanging goods in the country.

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: -The mixed economic system is defined as an economic system that combines the elements of a market economy and the elements of a planned economy. It is a synthesis of socialism and capitalism, which contains both private enterprises and public enterprises. Most modern economies implement a mixed economic system.

Detailed explanation-4: -The United States has a mixed economy. It works according to an economic system that features characteristics of both capitalism and socialism.

Detailed explanation-5: -A mixed economy is defined by the co-existence of a public and private sector.