An economic system combining private and state enterprise is called as what?

An economic system that combines private and state enterprises is called a mixed economy. In a mixed economy, both the private sector and the government have roles in economic decision-making. Private enterprises operate alongside public enterprises, and the government may intervene in the market to regulate or manage economic activities to achieve social objectives, such as reducing inequality, providing public goods, and managing economic stability. This system aims to balance the benefits of market competition with the social welfare goals of the state.