mixed economy

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mixed economy (plural mixed economies)

  1. 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 1261299044, 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.