answersLogoWhite

0

A Mixed economy is an economy that is both a planned and free enterprise economy.This means is has both STATE CONTROLLED economies and also PRIVATE OWNERSHIP economies. These 2 are commonly found the Caribbean, such as Barbados or Cuba for example. Free Enterprise is practically self explanatory. It if the economic system for people who own their own businesses such as shops.

The Controlled economy is well obviously controlled by the STATE but this usually affects larger companies and businesses.

User Avatar

Wiki User

13y ago

What else can I help you with?