mixed economy

Definition

An economic system in which the government imposes boundaries on capitalism to limit the concentration of power and achieve social balance. The U.S. economic system is a mixed economy. Compare to Laissez-Faire.

Use mixed economy in a sentence

Despite what the people enamored with pure capitalism think, here in the United States we enjoy the benefits of a mixed economy.

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The government teacher explained to his students about Americas mixed economy and how its causes and effects over time compared to other nations.

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My boss used to joke about running for office to take away all government controls on business in the mixed economy and returning the country to a pure form of capitalism without government interference.

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mixed cost Keynesian Economics