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social science subjects > economics > economic systems > mixed economy
... > social science subjects > politics and international relations > political science > comparative politics > economic systems > mixed economy
... > social science subjects > sociology > social problems > social problems encyc > economics and work > mixed economy

Preferred term

mixed economy  

Definition

  • The term mixed economy typically describes an economic system that combines the use of market and command mechanisms to guide economic activity. A mixed economy is typically considered a middle ground—a “third way”—between laissez-faire capitalism and state socialism. [Source: Encyclopedia of Social Problems; Mixed Economy]

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https://concepts.sagepub.com/social-science/concept/mixed_economy

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