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A mixed economy is a system that combines aspects of capitalism and socialism.
A mixed economy protects private property and allows some economic freedom in the use of capital, but also allows the government to intervene in economic activity to achieve social ends. Producers and consumers make some economic decisions, and governments make others.
A mixed market or mixed economy incorporates the free market principles of capitalism to enable individual economic freedom but seeks to offset the negative effects to ensure or enhance social welfare. A mixed economy has three characteristics of a market economy that protects private property.
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