What Are the Different Types of Mixed Economic Systems?
A mixed economic system refers to an economic system that mixes a traditional economic system, a planned economic system, and a market economic system to solve three basic economic problems: what to produce, how to produce, and for whom.
Mixed economy
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- A mixed economic system refers to an economic system that mixes a traditional economic system, a planned economic system, and a market economic system to solve three basic economic problems: what to produce, how to produce, and for whom.
- The mixed economic system includes a market economy and a planned / command economy.