mixed economy

mixed economy definition - business

mixed economy

An economic system in which the private and public sectors work together to solve economic problems. The United States, with privately owned manufacturing and service companies plus government rules and organizations that produce their own goods (highways, electricity, etc.) and services, offers an example of a mixed economy.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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