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Mixed economy means
Coexistence of private and public sectors
Coexistence of small and large scale industries
Industries completely owned by the Government
Control of means of production by the Government
Mixed economy refers to a state of economy that combines aspects of both capitalism and socialism. A mixed economic system protects private property and allows a level of economic freedom in the use of capital, but also allows for governments to interfere in economic activities in order to achieve social aims.
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