Characteristics of a Mixed Market Economy?


A mixed market economy is an economic system in which both the state and private sector direct the economy. It reflects characteristics of both market economies and planned economies. The basic idea of the mixed economy is that the means of production are mainly under private ownership.
Q&A Related to "Characteristics of a Mixed Market Economy?"
Free Market Economy is an economy ruled by the people, not the government. It grants freedom to producers who now only have to make what is needed and wanted, not what the government
In South Korea large conglomerates with operations throughout the world, including Samsung and Hyundai, dominate the market. Such conglomerates are called "chaebol" and,
Only a market
Part of it is market -type and another part is planned-type (for instance gov)
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