What is the mixed economic system?

       A mixed economy is defined in various ways as an economic system that mixes market economies with planned economies elements, free markets with state interventionism, or private enterprise with public enterprise. A mixed economy does not have a single definition, but rather two major definitions.

Countries use Mixed Economy:

Iceland, Sweden, France, the United Kingdom, the United States, Russia, and China are mixed economies. 

As a percentage of gross domestic product, these countries have a mixture of government spending and free - market systems based on the share of government spending.

Related:

What is the traditional economic system?

What is Command economic system?

What is Market economic system?