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Mixed economy - Definition and Overview |
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In economics and politics, a mixed economy is an economy that combines regulated capitalism, central planning (see planned economy and statism), as well as certain socialist measures and state ownership of some sectors of the economy, such as:
- social security
- roads and other transportation
- environmental regulation
- labor regulation
- product safety regulation
- minimum wage
- transfer payments
- government subsidies to business
- antitrust laws
- progressive taxation
- public education
- health care
- publicly owned firms that produce goods and services
Most democratic countries, including the United States, have mixed economies. The term mixed economy is generally used when an economy has reasonably significant portions of both socialism (and/or central planning) and capitalism.
See also
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Example Usage of economy |
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RichHarris2: @ReidRavin with all due respect don't you think people should expect health care. It saves the economy billions if people are healthy. |
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robc2: Today a massive jet lag meets a cramped economy seat in a titanic 11-hour struggle. Who will prevail? Not my sanity, that's for sure. |
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DCNewsFeed: Today in Politics... Obama faces congressional anger about economy: Growing discontent over the economy and frustra... http://bit.ly/4gQWRC |
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