Question

I need help write one paragraph explaining how a mixed economy works.

Answer 1

Answer:

mixed economy is a system that combines both capitalism and socialism aspects of the country.

Explanation:

In a mixed economic system the private properties are protected and enough freedom is given to exercise the optimum usage of capital but at the same time it allows the government to interfere or meddle with the various economic activities in the country to maintain or establish different social goals. So in mixed economy private ownership is acknowledged and maintained and control most of the production means but it is often set under the regulations made by the government. Due to globalization most countries across the globe have mixed economies, for example- US and France.