Mixed Economy
A mixed economy is the main economy used throughout the world today. A mixed economy is a combination of free market and command. If a country is halfway or edging towards either command or free it is classed as a mixed economy. A mixed economy in a way is the best of both worlds, no country in the world is entire free market or entire command In result they are classed as mixed economy. Most countries adopt a mixed system because it suits the community the best. Australia is a good example of a mixed economy they are more free market than command but are still classed as a mixed economy. As stated earlier a mixed economy allows a country to have access to both free market or command, getting the best of both worlds.