Response to mixed economy

Somewhere between the complete laissez-faire capitalism of the market economy and the strict central controls of the command economy lie the territories of the mixed economies. In practice, every economy in the world is some form of a mixed economy, but there are vast differences between them in terms of how much of each economic theory they support. Generally, however, mixed economies will have areas that are public (closest in principle to the command economy) and areas that are private (most similar to a market economy).

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