The term 'mixed economy' denoted

existence of both rural and urban sectors

existence of both private and public sectors

existence of both heavy and small industries

existence of both developed and underdeveloped sectors

Mixed Economy

An economic system blending elements of market economies with elements of planned economies, free markets with state interventionism, or private enterprise with public enterprise.

A mixture of markets with state interventionism, referring to capitalist market economies with strong regulatory oversight, interventionist policies and governmental provision of public services.
Economy containing a mixture of private enterprise with public enterprise.

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