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mixed economy
by 趙永祥 2015-07-03 07:25:23, Reply(0), Views(339)



 
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Term of the Day

Date: Thursday, July 2, 2015

mixed economy

An economic system in which both the private enterprise and a degree of state monopoly (usually in public services, defense, infrastructure, and basic industries) coexist. All modern economies are mixed where the means ofproduction are shared between the private and public sectors. Also calleddual economy
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Usage Example
Education, though principally a public enterprise, is becoming more of amixed economy service with the advent of religious and charter schools.