( ISSN 2277 - 9809 (online) ISSN 2348 - 9359 (Print) ) New DOI : 10.32804/IRJMSH

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MIXED ECONOMY

    1 Author(s):  DR. SANJEEV KAUSHIK

Vol -  6, Issue- 1 ,         Page(s) : 566 - 569  (2015 ) DOI : https://doi.org/10.32804/IRJMSH

Abstract

A mixed economy is a golden mean between a capitalist economy and a socialist economy. It is an economic system where the price mechanism and economic planning are used side by side. It is a golden mixture of capitalism and socialism. Under this system there is freedom of economic activities and government interferences for the social welfare. Hence it is a blend of both the economies. The concept of mixed economy is of recent origin.

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