WORLD HISTORY

Detailed explanation-1: -Technically, almost every country can be considered a mixed economy, since it is difficult for a country to sustain economic activity without some degree of government intervention or market activity. Even North Korea allows a limited number of private markets.

Detailed explanation-2: -Most modern countries’ economies are mixed economies consisting of both free market and command economy. The commonality of that state stems from the fact that a mixed economy allows the government to utilize the advantages of both command and open economies and minimize the disadvantages of both economic systems.

Detailed explanation-3: -Most modern economies implement a mixed economic system. A mixed economic system brings the advantages of free markets and also government intervention.

Detailed explanation-4: -Countries like England, France, and India follow the mixed economic system where both, the state and private players, have control over the resources of distribution.