mixed economy

noun

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

Origin of mixed economy

First recorded in 1935–40

Words nearby mixed economy

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British Dictionary definitions for mixed economy

mixed economy

noun

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

Cultural definitions for mixed economy

mixed economy

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.