What is mixed economy?

A mixed economy combines the advantages and disadvantages of market, command, and traditional economies. It's the most flexible system. 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. read more

A mixed economy can also refer to socialist economies with a substantial role for non-social or non-public forms of ownership in the means of production, or to Soviet-type planned economies that have been reformed to allow a greater role for market forces. read more

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. read more