A mixed economy (or balanced economy) is an economy that includes a variety of private and public control, reflecting characteristics of both capitalism and socialism.[1] Most mixed economies can be described as market economies with strong regulatory oversight, in addition to having a variety of government sponsored aspects. See (Elements of a mixed economy)
There is not one single definition for a mixed economy,[2] but the definitions always involve a degree of private economic freedom mixed with a degree of government regulation of markets. The relative strength or weakness of each component in the national economy can vary greatly between countries. Economies ranging from the United States[3] to Cuba[4] have been termed mixed economies.
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There is not one single definition for a mixed economy,[2] but the definitions always involve a degree of private economic freedom mixed with a degree of government regulation of markets. The relative strength or weakness of each component in the national economy can vary greatly between countries. Economies ranging from the United States[3] to Cuba[4] have been termed mixed economies.
Underground Tank
recruiting software