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10 August, 19:34

Briefly describe a mixed economy

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  1. 10 August, 19:36
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    A mixed economic system is a system that combines aspects of both capitalism and socialism. A mixed economic system protects private property and allows a level of economic freedom in the use of capital, but also allows for governments to interfere in economic activities in order to achieve social aims.
  2. 10 August, 19:48
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    A mixed economy consists of both private and government owned entities that share control over good that are sold, bought, and manufactured.
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