A mixed economy exists in a certain country where private enterprises provide various goods and services, but the government provides free public transportation and electricity to its citizens.
A mixed economy is one that combines aspects of both capitalism and socialism. In a mixed economy, private property is protected and certain economic freedom in the use of capital is permitted, but government intervention in the economy to further social goals is also permitted.
The government creates its own industry, invests its own money, buys or hires the labor force, and bears the risk of success or failure just like any other business. There are also Joint Sectors that are shared by the Public and Private Sectors.
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