mixed economy

  

Definition

An economic system in which both the private enterprise and a degree of state monopoly (usually in public services, defense, infrastructure, and basic industries) coexist. All modern economies are mixed where the means of production are shared between the private and public sectors. Also called dual economy.

Use mixed economy in a sentence

  • Education, though principally a public enterprise, is becoming more of a mixed economy service with the advent of religious and charter schools.

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  • In the U.S. , the market would be considered a mixed economy unlike most European countries that favor a state-owned resources.

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  • After subscribing to the idea of communism for many years, Steve decided that the best kind of economy was a mixed economy.

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