• A mixed economy consists of both private and government/state-ow

ned entities that share control of owning, making, selling, and excha
nging good in the country. It is also variously defined as an economic
system blending elements of markets economies with elements of pl
anned economies, free markets with public enterprises. There is no s
ingle definition of a mixed economy, but rather two major definitions
.

• It has all the advantages of a market economy. First, it distributes go

ods and services to where they are the most needed. It allows prices
to measure supply and demand. Second, it rewards the most efficien
t producers with the high profit.
Sample of Mixed Economy