In a mixed market economy, property owned by an individual can be used by all citizens. can be run by a city or state. can promote personal wealth. can be used by government workers.

The mixed economy helps in promoting personal wealth by providing investors investing opportunities due to efficient production, effective resource allocation, and enhancement in social welfare.

A mixed economy contains features of both socialist and capitalist economies.

The government set the market free but with certain regulations to maintain competition and protect private property. The government tends to tax industries and private sectors in order to redistribute that revenue among citizens for their welfare.

Therefore, people get more opportunities for investments and employment that increase their personal wealth.

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deficit

The deficit is the amount by which spending surpasses revenue in any one year