mixed economy
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English
Noun
mixed economy (plural mixed economies)
- 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.
- 2017, BioWare, Mass Effect: Andromeda (Science Fiction), Redwood City: Electronic Arts, →OCLC, PC, scene: Angaran Culture: Economics Codex entry:
- 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.
Hypernyms
Translations
market economy with government provision
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