To understand how a mixed economy works its important to first understand each of the three types of economies it combines. Most countries have a mixed economy these days as a result of globalization. Pin On Infografics A socio-economic network is. . The chief of state and head of government is the president. In terms of improvements most EU Member States have made. Proximate countries include Taiwan Vietnam and Indonesia. A mixed economy combines the advantages and disadvantages of three different types of economies. The Philippines has a mixed economic system that includes a variety of private freedom combined with centralized economic planning and. Market command and traditional economies. The public sector accounts for about 29 of GDP and the private sector for the remaining 71. The mixed economy provides people with a second chance. This approach allows the mixed economy to balance the benefits of cap