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A breif meaning on mixed economy?

Updated: 12/19/2022
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10y ago

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  • An economic system in which both the private enterprise and a degree of state monopoly (usually in public services, defense, infrastructure, and basic industries) coexist.
  • All modern economies are mixed where the means of production are shared between the private and public sectors. Also called dual economy.
  • Refer to link below for more information.
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10y ago
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