Mixed Economy (Noun)
Meaning
An economic system that combines private and state enterprises.
Classification
Nouns denoting groupings of people or objects.
Examples
- A mixed economy allows for private businesses to thrive while also having state-owned enterprises in strategic sectors such as energy and transportation.
- The government implemented a mixed economy to balance the need for economic growth with the need for social welfare programs.
- A mixed economy provides a balance between the efficiency of private enterprise and the social welfare goals of government intervention.
- Many countries have adopted a mixed economy as a way to stimulate economic growth while also providing essential public services.
- The mixed economy has been successful in countries where the government has been able to effectively regulate and support private businesses while also providing essential public services.