private and public sectors. In a mixed economy, there is a combination of market forces and government intervention to allocate resources and regulate economic activities. This means that while the private sector plays a significant role in producing goods and services and conducting business, the government also has involvement in areas such as infrastructure development, social welfare programs, and regulation of industries. The extent of government intervention may vary in different mixed economies, with some leaning towards more market-oriented policies and others having a larger government presence.
