mixed economy
Definitions
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.
Equivalents
6 more languages
Suomisekatalous
ქართულიშერეული ეკონომიკა
Nederlandsgemengde economie
Portuguêseconomia mista
Svenskablandekonomi
Examples
“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.”
CEFR level
B2
Upper Intermediate
This word is part of the CEFR B2 vocabulary — upper intermediate level.
This word is part of the CEFR B2 vocabulary — upper intermediate level.
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