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22 October, 03:20

Explain how a mixed economy is a mixture of command and pure market economy.

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  1. 22 October, 04:41
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    A mixed economic system has features of both a command and a free market system. A mixed economy is partly controlled by the government and partly based on the forces of supply and demand. Generally, a mixed economic system involves the public sector and the private sector. There is limited government regulation in a mixed economy, while there is heavy government regulation and control in a command economy.
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