A mixed economy means that part of the economy is left to the free market, and part of it is managed by the government.
Mixed economies start from the basis of allowing private enterprise to run most businesses.
Then the governments intervene in certain areas of the economy, such as providing public services (health, education, waste management) and the regulation or private business (e.g. legal right to private property, and abuse of monopoly power)
Welcome to EdFunn's another episode where our speaker Gaurav Dudeja assist you to understand the concept of mixed economic system .