Mixed economy means is privately owned businesses and government both play important roles. ... For example, to protect the public and to preserve private enterprise, to help control and regulate the means of production. Besides that in mixed economy, the government decides on resource allocation of scarce commodities.
The modern American economy traces it is rooted in the quest of European settlers moving to groups for economic gain in the 16th, 17th, and 18th centuries.
The southern region (the Balkans) was influenced by the Byzantine and Ottoman empires. The north was influenced by Western Europe, and the east was most influenced by Russia.
