Question

What is a mixed market economy?

Answer 1

Mixed market economy refers to those economies that have selectively socialised some industries for producing public goods, while also maintaining a free market economy for other industries.

Such economies can be said to be a mix between capitalism and socialism.

Also read:

• Capitalist Economy
• MCQs on Central Problems of an Economy
• Centrally Planned Economy
• Open Economy Macroeconomics

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