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- DictionaryMixed e·con·o·my/ˈˌmɪkst əˈkɑnəmi/
noun
- 1. an economic system combining private and public enterprise.
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noun
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An economic system combining public and private production
A mixed economy is an economic system that accepts both private businesses and nationalized government services, like public utilities, safety, military, welfare, and education. A mixed economy also promotes some form of regulation to protect the public, the environment, or the interests of the state. Wikipedia