Cambridge O Level Business Studies · Syllabus 7115 · Understanding Business Activity
Mixed Economy
What is Mixed Economy?
An economic system containing both a private sector and a public sector, in which some goods and services are provided by privately owned businesses and others by government-owned or government-controlled organisations. Almost every real economy is mixed; what varies between countries is the balance between the two sectors.
This definition is part of the Understanding Business Activity chapter in Cambridge O Level Business Studies.
Last reviewed Syllabus 2026