Answer:
The answer is a mixed economy.
Explanation:
A mixed economy consists of an economic system in which there is a presence of market economies as well as elements of planned economies. In Western economies this term is usually utilized to refer to a capitalist economy in which there are private owners seeking profits and there is also an accumulation of capital.
In this system, markets are usually regulated and the governments influence fiscal and monetary policies. However, the governments provide essential services as well as public utilities according to state activity.
