A mixed economic system is an economy that allows private property and allows businesses and consumers…
Month: March 2017
Definition of mixed economic system
What is a mixed economic system? A mixed economic system is a system that combines aspects…
What are the common characteristics of a mixed economic system?
A mixed economy is defined by the coexistence of a public sector and a private sector.…
Definition of mercantilism (economic system)
What is commercialism? Mercantilism was an economic system of commerce that extended from the 16th to…