mixed economy
Public-private economic blend
A mixed economy combines elements of free-market capitalism with government intervention and regulation.
Most modern economies are mixed—private businesses operate alongside public services, with the state providing infrastructure, social programs, and oversight while markets determine most prices and production: The U.S. has a mixed economy with both private enterprise and government programs like Social Security.
Economy outside government control
- free marketCommerce without state intervention
- entrepreneurshipCreating and managing ventures
- privatizationState sells public assets
- competitionStruggle for supremacy
profit motive · market forces · consumer choice · deregulation · investment · corporation · shareholder · stock market
Public authority involvement
- antitrustAgainst corporate market dominance
- subsidiesFinancial aid from government
- tax incentivesGovernment breaks encouraging actions
- fiscal policyState spending and taxation
monetary policy · reregulation · price controls · licensing · trade policy · consumer protection · environmental standards · labor laws
State-held property or enterprise
- nationalizationGovernment acquisition of industry
- central planningGovernment directs all production
- redistributionSharing out again differently
- collectivizationForced communal ownership transfer
labor union · government control · public sector · equality · industrial policy · state intervention
Public financial protection programs
- universal healthcareGuaranteed medical access nationwide
- public educationCommunal, tax-funded schooling
- unemployment benefitsState aid for jobless workers
- pensionRetiree's ongoing benefit
social safety net · public housing · food assistance · disability insurance · childcare · poverty alleviation · income support · public services
private sector
Economy outside government control
- free marketCommerce without state intervention
- entrepreneurshipCreating and managing ventures
- privatizationState sells public assets
competition · profit motive · market forces · consumer choice · deregulation · investment · corporation · shareholder · stock market · trade
government intervention
Public authority involvement
- antitrustAgainst corporate market dominance
- subsidiesFinancial aid from government
- tax incentivesGovernment breaks encouraging actions
fiscal policy · monetary policy · reregulation · price controls · licensing · trade policy · consumer protection · environmental standards · labor laws · public goods
public ownership
State-held property or enterprise
- nationalizationGovernment acquisition of industry
- central planningGovernment directs all production
- redistributionSharing out again differently
collectivization · labor union · government control · public sector · equality · industrial policy · state intervention
social security
Public financial protection programs
- universal healthcareGuaranteed medical access nationwide
- public educationCommunal, tax-funded schooling
- unemployment benefitsState aid for jobless workers
pension · social safety net · public housing · food assistance · disability insurance · childcare · poverty alleviation · income support · public services · social insurance
- economic policymonetary policy, tax policy, fiscal discipline, fiscal stimulus, fiscal restraint
- capitalismcapitalism, free market, free enterprise, private property, profit motive
- economicssupply and demand, inflation, GDP, GNP, gross domestic product
- economic systemscapitalism, mercantilism, communism, feudalism, socialism
- economiesprivate sector, public sector, developing nation, emerging market, pre-industrial
- Nordic EconomicsSwedish model, welfare state, social democracy, krone, progressive taxation
mixed economycommand economy
State-controlled economic system
planned economy · laissez-faire · free market economy · state socialism · state-controlled economy
mixed, mixture, economy, mingle, economic, economical, mixed-up, economize, economist