A mixed economic system combines elements of both market economies and planned economies. In this system, the government and private sector work together to allocate resources and make economic decisions. While the market drives supply and demand, the government intervenes to regulate certain industries and provide public goods, ensuring a balance between efficiency and equity. This approach allows for flexibility and innovation, as businesses can operate freely while benefiting from government support. Examples of mixed economies include countries like Sweden and the United States, where both private enterprise and government policies play significant roles in shaping the economy.