Mixed economy system incorporates aspects of more than one economic system. This system comprises of privately owned as well as state owned enterprises. It combines elements of market economy with traditional economic planning.
In actual terms, a lot of economies are mixed economies in the world but the extent varies. Some are more socialist while others are capitalist oriented. U.S is the example of an ideal mixed economy.
In actual terms, a lot of economies are mixed economies in the world but the extent varies. Some are more socialist while others are capitalist oriented. U.S is the example of an ideal mixed economy.