Which of the following is a feature of a mixed economy?

A mixed economy is characterized by the coexistence of both private and public sectors in the economic framework. This means that while individuals and businesses can operate freely to produce goods and services, the government also plays a role in regulating and overseeing certain aspects of the economy. The integration of both elements aims to harness the efficiency of free markets while addressing issues of equity and social welfare that may arise without regulation.

In a mixed economy, the private sector drives productivity and innovation, while government intervention serves to correct market failures, provide public goods, and ensure that the benefits of economic activity are distributed more evenly across society. This blend helps in achieving a balance between individual freedoms and social responsibilities, making it a flexible and adaptive economic system.

The other options describe economic systems that do not align with the mixed economy model. Complete government control of resources points toward a command economy, where the state directs all economic activity. Free market operations without restrictions refer to a pure market economy, which lacks any government involvement, and a strong focus on traditional methods suggests an economy primarily reliant on customs and practices from the past, commonly seen in traditional economies.