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Mixed economy - defined

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Danielle
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A mixed economy is an economic system in which both the private sector and state direct the economy, reflecting characteristics of both market economies and planned economies. Most mixed economies, can be described as market economies with strong regulatory oversight, and many mixed economies feature a variety of government-run enterprises and governmental provision of public goods. An example of mixed economy is China.
reference: http://en.wikipedia.org/wiki/Mixed_economy
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