An economic system could be a combination of various forms of economic systems. This national economy could be a cross between an economy and command economy. within the commonest forms of mixed economies, the market is a lot of or less freed from government possession apart from some key areas like transportation or sensitive industries like defense and railroad.
However, the govt is additionally sometimes concerned within the regulation of personal businesses. the thought behind an economic system was to use the simplest of each world – incorporate policies that area unit socialist and capitalist.
To a particular extent, most countries have a mixed national economy. as an example, India and France area unit mixed economies.