What is a mixed economy?

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Generally speaking a mixed economy is one where the government has controls over private industry through various types of regulations. One example is the setting of the minimum wage. For the most part a mixed economy does not require the government to actually own any of the means of production. Also, a mixed economy creates "authorities" to operate tunnels, bridges and airports.
A mixed economy is an economic system that incorporates a mixture of private and government ownership or control, or a mixture of capitalism and socialism
Today, most practice a mixed economy. On one hand the government still controls a number of the largest companies. On the other, private individuals have been given the chance to own businesses.
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Why is the Nigerian economy called a mixed economy?

Answer . It's simply bcos the country does not want to be one-controlled by either government or markets,so they choose to collaboratein order to help each other along the

Is this a mixed economy?

i mean, what are some Mixed Economies and is it the most popular type economy in the world? Thanks. i mean, what are some Mixed Economies and is it the most popular type econ

What is a mixed economy based on?

A mixed economy is based on several different types of economies. For example the mixed American economy is a combination of socialism and capitalism.

Why are there mixed economies?

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Why are most economies mixed economies?

Because a pure capitalist economy is too egoistic, and a pure planeconomy is too inefficient. Because they really really can't do it alone. For diversity and to not put your

Who are the mixed economy?

Mixed economy is an economic system in which both the state and private sector direct the economy, reflecting characteristics of both market economies and planned economies.

What is different from a command economy and a mixed economy?

a command economy is more communism and an example is Cuba a mixed economy is a mixture of a command economy a market economy and a traditional economy keep in

Is a mixed economy the same as a market economy?

No. When we say "market economy," we likely mean to say a free market economy-an economy unfettered with government policy interventions. This is usually stated in opposition