The major roles of the government in the mixed economy includes, maintaining social and legal framework, providing public goods and services, competition maintenance, redistribution of income and stabilization of economy. In the first role of maintaining social and legal framework is positive.

Elements of a Mixed Economy The U.S. government controls or partially controls many goods or services, such as education, courts, roads, hospital care, and postal delivery. It also provides subsidies to agricultural producers, oil companies, financial companies, and utility firms.

A mixed economy consists of both private and government/state-owned entities that share control of owning, making, selling, and exchanging good in the country. Two examples of mixed economies are the U.S. and France.

A mixed economic system is a system 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.

Main Features of Mixed Economy:

• Mixed economy has following main features:
• (i) Co-existence of Private and Public Sector:
• (ii) Personal Freedom:
• (iii) Private Property is allowed:
• (iv) Economic Planning:
• (v) Price Mechanism and Controlled Price:
• (vi) Profit Motive and Social Welfare:

A mixed economic system is a framework that incorporates both capitalist and socialist elements. A mixed economic system preserves private property and allows a degree of economic independence in capital use but also enables governments to intervene in economic activities to accomplish social goals.

In a mixed system, private individuals are allowed to own and control some (if not most) of the factors of production. Free market economies allow private individuals to own and trade, voluntarily, all economic resources.

Economies ranging from the United States to Cuba have been termed mixed economies. The term is also used to describe the economies of countries which are referred to as welfare states, such as Norway and Sweden.

All the above economies are mixed. European economies such as Sweden and France have a generous level of social security spending; in western Europe, education and healthcare are free at the point of use. However, in the US, government spending as a share of GDP is lower, but health care has to be paid for.

What is another word for mixed economy?

The government decides it must produce more guns, tanks, and missiles and train its military. In this case, the government will produce more military items and allocate much of its resources to do this. It will decrease the production and supply of goods and services that it feels the general public does not need.