mixed economy

n. An economic system that allows for the simultaneous operation of publicly and privately owned enterprises.

mixed economy

n (Economics) an economy in which some industries are privately owned and others are publicly owned or nationalized

mixed economy

An economy where parts of the means of production or trade are both state and privately owned or controlled.

Thesaurus

Noun

mixed economy - an economic system that combines private and state enterpriseseconomic system, economy - the system of production and distribution and consumption

Translations

mixed economy

an economy in which some industries are privately owned and others are publicly owned or nationalized

mixed economy

an economic system which combines two or more contrasting forms of economic decision-making, especially the combination of market principles and state intervention. See also CAPITALISM AND CAPITALIST MODE OF PRODUCTION.

mixed economy

see ECONOMY.

mixed economy

a method of organizing the economy to produce goods and services. Under this ECONOMIC SYSTEM, some goods and services are supplied by private enterprise and others, typically basic INFRASTRUCTURE goods and services such as electricity, postal services and water supply are provided by the state.

The mixed economy is a characteristic feature of most present-day developed and developing countries, ‘pure’ or totally PRIVATE ENTERPRISE ECONOMIES and CENTRALLY PLANNED ECONOMIES being rarely encountered. The precise ‘mix’ of private enterprise and state activities to be found in particular countries, however, does vary substantially between these two extremes and is very much influenced by the political philosophies of the country concerned. See NATIONALIZATION, PRIVATIZATION.

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Words related to mixed economy

noun an economic system that combines private and state enterprises

Related Words