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Most economies in the world are mixed to some extent; there is not a single nation with a complete free market economy lacking government intervention at all.

It also means it has a market economy, but there are certain key industries controlled by the government. One instance is Mexico, where most businesses are privately-owned, being the only exception the oil and electricity industries, which are government-owned.

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9y ago
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9y ago

As long as a government (local, state or national) taxes its businesses and households, there will be a mixed economy.

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Q: Why do most countries have a mixed economy?
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