Definitions for mixed economy
mixed econ·o·my

Princeton's WordNetRate this definition:2.0 / 1 vote

1. mixed economynoun

   an economic system that combines private and state enterprises

ChatGPTRate this definition:0.0 / 0 votes

1. mixed economy

   A mixed economy is an economic system that incorporates aspects of both capitalism and socialism. It features a mixture of private and public ownership of businesses and industries, and both free-market principles and government intervention or regulation. It allows businesses the freedom to operate and innovate while also implementing policies to ensure economic equity and social welfare.

WikidataRate this definition:5.0 / 1 vote

1. Mixed economy

   Mixed economy is an economic system in which both the state and private sector direct the economy, reflecting characteristics of both market economies and planned economies. Most mixed economies can be described as market economies with strong regulatory oversight, and many mixed economies feature a variety of government-run enterprises and governmental provision of public goods. The basic idea of the mixed economy is that the means of production are mainly under private ownership; that markets remain the dominant form of economic coordination; and that profit-seeking enterprises and the accumulation of capital remain the fundamental driving force behind economic activity. However, unlike a free-market economy, the government would wield considerable indirect influence over the economy through fiscal and monetary policies designed to counteract economic downturns and capitalism's tendency toward financial crises and unemployment, along with playing a role in interventions that promote social welfare. Subsequently, some mixed economies have expanded in scope to include a role for indicative economic planning and/or large public enterprise sectors. There is not one single definition for a mixed economy, but the definitions always involve a degree of private economic freedom mixed with a degree of government regulation of markets. The relative strength or weakness of each component in the national economy can vary greatly between countries. Economies ranging from the United States to Cuba have been termed mixed economies. The term is also used to describe the economies of countries which are referred to as welfare states, such as the Nordic countries. Governments in mixed economies often provide environmental protection, maintenance of employment standards, a standardized welfare system, and maintenance of competition.

Matched Categories

1. • Economy

How to pronounce mixed economy?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

How to say mixed economy in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of mixed economy in Chaldean Numerology is: 6

2. Pythagorean Numerology

   The numerical value of mixed economy in Pythagorean Numerology is: 1

Examples of mixed economy in a Sentence

1. Penn Jillette:

   There seems to be one person in this race who's actually genuine and not crazy. And that's Bernie, he uses the word socialist, which in the United States is what? Sixty percent socialist now? We're a mixed economy. This is all stuff a libertarian probably shouldn't say, but 'socialist' isn't a dirty word. It's a different way of looking at how the government works.

References

1. ^ Princeton's WordNet
   http://wordnetweb.princeton.edu/perl/webwn?s=mixed economy
2. ^ ChatGPT
   https://chat.openai.com
3. ^ Wikidata
   https://www.wikidata.org/w/index.php?search=mixed economy