What is typically a feature of a mixed economy?

In a mixed economy, the defining feature is the combination of private enterprise and public intervention. This system incorporates elements from both capitalism and socialism, allowing for a blend of free market principles with regulatory measures enforced by the government.

The presence of private enterprise means that individuals and businesses can own and operate their own ventures, which encourages innovation and competition. However, the role of public intervention is crucial in areas such as regulating monopolies, providing public goods, and ensuring social welfare. By balancing these two elements, a mixed economy aims to harness the benefits of market-driven growth while providing safeguards against the inherent inequalities and inefficiencies that can arise in purely market-based systems.

This balance can also help address societal needs and promote economic stability, making it a practical choice for many countries around the world. The other choices describe extremes that do not reflect a mixed approach: complete government control or exclusive reliance on market forces would not provide the necessary balance that defines a mixed economy.