mixed economy


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Related to mixed economy: market economy, command economy

mixed economy

see ECONOMY.

mixed economy

a method of organizing the economy to produce goods and services. Under this ECONOMIC SYSTEM, some goods and services are supplied by private enterprise and others, typically basic INFRASTRUCTURE goods and services such as electricity, postal services and water supply are provided by the state.

The mixed economy is a characteristic feature of most present-day developed and developing countries, ‘pure’ or totally PRIVATE ENTERPRISE ECONOMIES and CENTRALLY PLANNED ECONOMIES being rarely encountered. The precise ‘mix’ of private enterprise and state activities to be found in particular countries, however, does vary substantially between these two extremes and is very much influenced by the political philosophies of the country concerned. See NATIONALIZATION, PRIVATIZATION.

References in periodicals archive ?
Just as Smith's minimal capitalism was transformed into Keynes' mixed economy, we need to contemplate a transition from the national version of the mixed economy to its global counterpart.
The postwar mixed economy was built for and operated at the level of nation-states, and required keeping the international economy at bay.
Just as Smith's minimal capitalism was transformed into John Maynard Keynes' mixed economy, we need to contemplate a transition from the national version of the mixed economy to its global counterpart.
"My message to the Southport conference will be that the region is very strong and confident and there is a firm resolve to protect the north west's mixed economy - not just manufacturing but also financial services and tourism."
As she sees it, governmental policies did not celebrate the diversity of NEP's mixed economy. Instead distrust and the "native impulse" of policy makers to repress private businessmen amounted to a "war on the market" that culminated in the decree on the eradication of private, permanent shops and stores at the beginning of the 1930s.
Now known as Telefilm Canada, the CFDC was founded--in the finest Canadian traditions of the "mixed economy"--to invest public money in a fledgling private sector Canadian film industry to create, with varying degrees of success, a reasonably constant level of production of Canadian feature films.
Unlike capitalistic America, moreover, Sweden is a socialist or mixed economy with a huge public sector, making the success of privatization unexpected.
The North Alabama Region has a very mixed economy evidenced by the presence and production of agricultural, industrial, and high-technological goods and services.
Perhaps it is time to re-examine Uruguay's mixed economy and learn how it produced an electorate whose overwhelming majority still believes in democracy.
His policies that encouraged foreign investment and the creation of a mixed economy, polarized the population to pro- and anti-Sadat stances.
It comes from the Tote's mixed economy, and is quoted only for guidance.