mixed economy

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

Origin:
1935–40

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Collins
World English Dictionary
mixed economy
 
n
an economy in which some industries are privately owned and others are publicly owned or nationalized

Collins English Dictionary - Complete & Unabridged 10th Edition
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American Heritage
Cultural Dictionary

mixed economy definition


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.

The American Heritage® New Dictionary of Cultural Literacy, Third Edition
Copyright © 2005 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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Example sentences
He wanted a mixed economy, but one in which the private sector would play the
  leading role.
Innovation and the scope of public finances remain as central as ever to the
  successful functioning of the mixed economy.
And that's a good segue into the topic of mixed economy that you promote as
  some sort of reasonable moderate position.
The resulting mixed economy has both strengths and weaknesses.
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