mixed economies

A mixed economy combines elements of both capitalism and government intervention. In this system, private businesses operate freely, but the government also plays a role by regulating industries, providing public services, and sometimes owning key sectors. This approach aims to balance individual enterprise with social welfare, promoting economic growth while protecting citizens’ interests and addressing market failures. Examples include most modern countries, where free markets coexist with social programs like healthcare and education funded or managed by the government. Ultimately, a mixed economy seeks to leverage the strengths of both private enterprise and public oversight for broader societal benefit.