Mixed Economies

A mixed economy is one that employs both theories (command and laissez-faire). This means that there is heavy government involvement in certain areas (depending on the country), and limited presence in others.

Taxes vary based on countries and the amount of programs, but usually tend to be progressive, with higher taxes for the rich. Examples of countries with mixed economies include the United States of America, England, India, China, and almost every other country. But, the example we’ll focus in on in the United States