The government has control over a command or planned economy. In mixed economies, the government has some control, while the rest is up to private enterprise, consumers, and supply and demand.

A mixed economy features market-driven prices alongside a robust public sector where the government may intervene to set price floors, offer subsidies, and regulate businesses for public welfare.

So, let’s explore what is mixed economy and examples of mixed economy in India: – Mixed Economy Meaning An economic system that incorporates aspects of socialism and capitalism is known as a ...

Features of Indian Economy . 1. Since independence India has been a 'mixed economy'. ... Indian economy is a mixed economy (combination of public and private sector).