Question

Write a sentence that illustrates mixed economy

Answer 1

A mixed economy is an economic system that combines aspects of the market, command, and conventional economic systems. A mixed economy is the most widespread economic structure in existence.

What is an economic system?

A country's or a region's social structures can organize and distribute the resources, services, and goods that are accessible through the use of an economic system. Land, capital, labor, and physical resources are all governed by economic systems.

A society's or a specific geographic area's system for producing products and services, allocating resources, and distributing them is known as an economic system or economic order.

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