How can a mixed economy be a better system?

How could it not be? Certain areas of the economy have a deep social meaning which it's too risky to leave in the hands of market forces. Take water, for instance. Let's say that some utter bastard such as Martin Shkreli decides to buy the water c... read more

mixed economy: Mixed economy is an economic system in which both the state and private sector direct the economy, reflecting characteristics of both market economies and planned economies. read more

A mixed economy is a system that combines characteristics of market, command and traditional economies. It benefits from the advantages of all three while suffering from few of the disadvantages. A mixed economy has three of the following characteristics of a market economy. First, it protects private property. read more