Answer :
Characteristics of mixed market economies.In a market economy, interaction generally supply and demand are the factors that affect the quantity and the items' equilibrium price, as well as traded services The term "mixed economy" describes a strategy of economic management.
Private property: Individuals, not just governments, are permitted to benefit from private ownership of firms and real estate.Freedom: Market participants are free to manufacture, sell, and buy anything they choose, subject to government laws.Self-interest: Individuals striving to sell their goods to the highest bidder while paying the minimum for goods and services that they require drive the market.Competition: Producers compete, which keeps pricing fair and assures effective manufacturing and supply.Minimum government intervention: The government has a minor role in a market economy, but it serves as a referee to promote fairness and prevent the formation.
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