mixed economy

American  

noun

1. an economy in which there are elements of both public and private enterprise.

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mixed economy British  

noun

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

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mixed economy Cultural  

1. An economy that combines elements of capitalism and socialism, mixing some individual ownership and regulation. Some capitalist countries, France, for example, employ what is often called state capitalism. In this form of a mixed economy, the state becomes a major shareholder in private enterprises. An alternative, employed in Great Britain (more in the past than now), is for the state to own some industries while leaving others in private hands.

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Etymology

Origin of mixed economy

First recorded in 1935–40

Example Sentences

Dentistry in Scotland has always been a mixed economy.

From BBC • Oct. 17, 2024

In a region of relatively high rainfall near present-day Bulawayo in Zimbabwe, the people of Leopard’s Kopje developed a complex mixed economy of livestock-keeping and herding and agriculture.

From Textbooks • Apr. 19, 2023

"But this is very positive. It marks a new era. You can begin to talk about a mixed economy," he said.

From Reuters • Dec. 8, 2021

Somoza’s corruption and violence had alienated even Nicaragua’s business classes, and a broad popular front implemented a mixed economy promoting popular organization, land reform and the socialization of basic services.

From Seattle Times • Jul. 9, 2021

Burma:   Burma has a mixed economy with private activity dominant in   agriculture, light industry, and transport, and with substantial   state-controlled activity, mainly in energy, heavy industry, and the   rice trade.

From The 2001 CIA World Factbook by United States. Central Intelligence Agency