Mixed economy, in economics, a market system of resource allocation, commerce, and trade in which free markets coexist with government intervention. Know about The features of Mixed Economy and its relevance in economics at e akhabaar. The following are the main characteristics of a mixed economy: Co–existence of the Public and Private Sectors: The chief characteristic of This commonly results from democratic socialism or the transition of a socialist society towards capitalism.A mixed economy can also result from cronyism whereby a government interferes with free markets to benefit special interests. The mixed economy definition further says it enhances social security and public education facilities. According to William M. Pride, Robert J. Hughes and Jack R. Kapoo (2010) Having understood the meaning of mixed economy, we are now in a position to bring out the main features or characteristics of such an economy, It will also be clear from these characteristics how a mixed economy functions. The mixed economic system has certain advantages. Main Features of Mixed Economy. Most mixed economies can be described as market economies with strong regulatory oversight, in addition to having a variety of government-sponsored aspects. A mixed economic system is one that features characteristics of … Then the government keeps its oversight role by requiring specific forms of regulation. Under a mixed economy, every person can enjoy possession of the property and transfer it to others. The mixed economy combines both the features of a socialist and capitalist economy. This system receives some elements of the free market, mixed with some socialistic concepts, to create an outcome that maintains private ownership and control of production. A mixed economy is a free market society with government intervention in the form of state run or supported enterprises. An economic system in which both the state and private sector direct the economy, reflecting characteristics of both market economies and planned economies. A mixed economic system is one that features characteristics of both capitalism and socialism. Despite personal or political preferences for capitalism or socialism, almost every country in the world today practices a mixed economy. Characteristics of a Mixed Economy There are three principle characteristics that most mixed economies have in common: Mixed economies generally protect private property. 1.1.1 Features of mixed economy. The following are the benefits of a mixed economy. Merits of a Mixed Economy. Mixed economy is an economic system in which both the state and private sector direct the economy, reflecting characteristics of both market economies and planned economies. A mixed economy may emerge when a government intervenes to disrupt free markets by introducing state-owned enterprises (such as public health or The main characteristics of the mixed economy are described below: Personal property ownership; Personal ownership is recognized on the property and other materials of production under a mixed economy. Mixed economy. https://www.wise-geek.com/what-are-the-features-of-a-mixed-economy.htm