mixed economy
Pronunciation
Noun
B2 Upper-intermediate
Quick answer
An economic system that combines private enterprise with a significant degree of government ownership or regulation.
Test yourself
Which word fits the gap? "Most modern countries run a _____ rather than a purely free market or fully state-controlled one."
Answer: mixed economy
In your own words, what does "mixed economy" mean?
An economic system that combines private enterprise with a significant degree of government ownership or regulation.
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