ELI5: Explain Like I'm 5

Mixed economy

A Mixed economy is a type of economy that combines both private and government ownership of goods and services. This means there is some things you can buy with money that are owned by the government and there are some things that are owned by individuals or companies. For example, in a mixed economy you could buy apples from a grocery store that were grown by an individual person, but you could also buy health insurance from the government. Together, the government and private companies work together to create an economy that works for everyone.