A mixed economy has strong elements of both "market" and "planned" economies.
Mixed economy alludes to the financial framework where the monetary exercises are coordinated by both private and the administration. At the end of the day, it is the market economy which is controlled by the legislature or the state. Mixed economy reflects attributes of both market and planned economy. At present, most genuine economies are mixed economy.
Most mixed economies hold attributes of a conventional economy, however those customs don't control how the economy capacities.
