Here are some characteristics of Mexico's mixed economy:
* Private ownership of the means of production: The vast majority of businesses in Mexico are privately owned. This includes everything from small businesses to large corporations.
* Government regulation: The Mexican government plays a significant role in the economy, regulating industries, setting prices, and providing subsidies to certain sectors.
* State-owned enterprises: The Mexican government also owns and operates a number of businesses, including the oil and gas industry, the electricity sector, and the telecommunications industry.
* Social welfare programs: The Mexican government provides a variety of social welfare programs, including public health insurance, pensions, and unemployment benefits.
The mixed economy of Mexico has been successful in achieving a number of economic goals:
* Economic growth: Mexico has experienced rapid economic growth in recent decades. The country's GDP has grown by an average of 2.5% per year over the past 20 years.
* Job creation: The Mexican economy has created a significant number of jobs in recent years. The unemployment rate has fallen from 5.4% in 2009 to 3.8% in 2019.
* Poverty reduction: The poverty rate in Mexico has also declined in recent years. The percentage of Mexicans living in poverty fell from 49% in 1990 to 21.5% in 2018.
Mexico's mixed economy has also faced a number of challenges:
* Income inequality: Income inequality is a major problem in Mexico. The gap between the rich and the poor has widened in recent years.
* Corruption: Corruption is another major problem in Mexico. It has a negative impact on the economy by discouraging investment and stifling competition.
* Environmental degradation: Mexico is facing a number of environmental problems, including air pollution, water pollution, and deforestation.
* Crime and violence: Crime and violence are major problems in Mexico. The country has one of the highest murder rates in the world.
