During a recent energy transition initiative, the government subsidised 65% of the capital costs (£45 billion) for local renewable energy installations spearheaded by private developers. The remaining 35% of the costs was funded by private utility companies who retain ownership and manage the day-to-day operations.
With reference to the above information, define the term 'mixed economy'.
22 exam-style questions on Edexcel A A Level Economics 1.1.6 Free market economies, mixed economy and command economy. Each one has a worked solution and a mark scheme showing where the marks go.