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Mixed economy

noun

Definitions

Noun
  1. 1
    A market economy with governmental provision of public goods, often with strong regulatory oversight, other forms of economic interventionism and some level of economic planning.

    "Angara rely on a participatory mixed economy, applying elements of socialism, capitalism, and an informal barter system. The exact means of market control varies on a contextual basis, reflecting the needs of a civilization primarily focused on its survival. Basic goods and services deemed essential to life are provided as fundamental rights, with citizens voting annually to determine exact resource allocations."

  2. 2
    an economic system that combines private and state enterprises wordnet

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