- Mixed economy is some but not all of the activities of production,distribution,and exchange are organized by the state ,the state generally plays a larger role in setting policy,rules and objectives and in controlling labour.
- mixed economy seeks to have all of the advantages of a market,command,and traditional economy with little of the disadvantages.
- for example: including private property,pricing and individual self interest
- in mixed economy ,private businesses can decide how to run their businesses (what to produce,at what price)
mixed economy video..
Mixed economy - defined