An economy which exhibits features of both private and State enterprises is known as

A mixed economy is an economic system that has both private and government-owned enterprises. In this type of economy, the private sector and the government share the responsibility for the production and distribution of goods and services. Private enterprises are owned and operated by individuals or groups of individuals, while state enterprises are owned and operated by the government. The private sector is driven by profit and competition, while state enterprises are driven by the government's goals and objectives, such as providing essential services to the public. A mixed economy can take many forms, with varying degrees of government intervention and regulation. Some countries have a mixed economy with a larger private sector, while others have a larger public sector. The goal of a mixed economy is to strike a balance between the benefits of a market-driven economy and the need for government intervention to ensure social welfare and prevent market failures.