Mixed Economy

Mixed Economy, economy that operates partly under free-market principles, in which business ownership is in private hands and prices are set by supply and demand, and partly under government ownership or control.

For information on:

• nature and examples of mixed economies, see Free-Market Economy
• U.S. economy as a mixed economy, see United States (Economy): U.S. Economic System
• a large mixed economy, see India: Economy
• mixed economy contrasted with pure economic forms, see Capitalism
• reality of mixed kinds of economic activities under all political systems, see Economics: Economic Systems
• movement of communist countries toward mixed economies through privatization and market-controlled prices, see Fidel Castro; Vladimir Ilich Lenin: Premises; China: Economy; Russia: Economy