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26 April, 15:30

What is the difference between a free market economy and a mixed economy?

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  1. 26 April, 15:52
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    Answer: A mixed economy is variously defined as an economic system blending elements of market economies with elements of planned economies, free markets with state interventionism, or private enterprise with public enterprise.

    The free market is an economic system based on supply and demand with little or no government control. It is a summary description of all voluntary exchanges that take place in a given economic environment.
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