WORLD HISTORY

Detailed explanation-1: -Mixed economic systems are not laissez-faire systems, because the government is involved in planning the use of some resources and can exert control over businesses in the private sector. Governments may seek to redistribute wealth by taxing the private sector and by using funds from taxes to promote social objectives.

Detailed explanation-2: -Examples include the economies of China, Norway, Singapore, and Vietnam-all of which feature large state-owned enterprise sectors operating alongside large private sectors.

Detailed explanation-3: -Producers and consumers make some economic choices while the government makes others.

Detailed explanation-4: -India is a mixed economy, wherein the public and private sectors coexist. The government controls the functioning of both sectors while also providing them with the proper and necessary resources in order to operate successfully.