What is mixed economy? - letsdiskuss
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Khyati Anand

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What is mixed economy?


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An economic system where both capitalism and socialism are brought together to work. Under this economic system, there is full protection of privacy by the private entities and all economic freedom is allowed to be used. Mixed economy faces huge interference from the government which might lead to delays in projects. This partnership is formed with the personal aims which are to be achieved. The government ties up with a private company to achieve its social aim and in return the private company enjoys all the benefits (like subsidies) and a huge revenue. Mixed economies are mainly owned and controlled by private companies only. 


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