A mixed economy is a blend of free enterprise and government control that combines elements of capitalism and socialism. The mixed economy is also called dual economy. The characteristics of both capitalism and socialism are found in the mixed economy. According to WiseGEEK (2003-2015), the primary characteristics of a mixed economy tend to include traces of capitalism, which encourages businesses to create their own wealth, in addition to socialism. With socialism, the government has control over how much resources are distributed and how those funds and efforts are directed. Another of the characteristics of a mixed economy is the strong involvement of the government through the construction of local roads, highways and public schools. The citizens of the country must pay government taxes to the government to finance such development. Therefore, the participation of both public and private sectors in economic development has created many job opportunities for citizens. Furthermore, the government and business entities play an important role in controlling the economic activities of the country by making economic decisions. For example, the US economy is one of the most prominent examples of mixed economy in the world, some decisions about product input and output are decided by individuals and companies. “However, the U.S. economy is a mixed economy, that is, an economy that contains a mixture of perfect and imperfect competition and regulated and unregulated industries” (Mastrianna & Hailstones, 1995, p. 35). John (1991) reported