mixed economy
2
4.1
- noun
- /mɪkst ɪˈkɒnəmi/
- Specialized
:
economía mixta
- In a mixed economy, both private companies and the government play important roles in regulating resources.
Examples
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Modern India's founding fathers bequeathed a "mixed economy" of mostly state-directed projects and small privately owned businesses.
Blog text (28) -
The party has been advocating political pluralism, a mixed economy, and social welfare guarantees.
Academic text (1994) -
There seems to have been a mixed economy in practice.
Academic text (2018) -
Having a mixed economy seems to go a long way in helping countries develop.
Blog text (31) -
All economies are mixed economies, part public and part private.
Academic text (2007) -
The truth is we have a mixed economy that is heavily centrally planned and only partially private.
Blog text (7) -
We live in a mixed economy, and there are degrees of socialism and capitalism.
Blog text (1) -
But yes, it should be a well-known fact that any first-world developed country is a mixed economy.
Blog text (33) -
The government and private sector collaborate in a mixed economy to ensure both public welfare and competitive markets.
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Many scholars argue that a mixed economy offers the best balance between efficiency and equity in distribution.
How Market-Oriented
- Formal
1
4.1
- Specialized
93
3.0
- Specialized
2
4.1
5
5.8
1
6.4
Surface Forms
Morphology
The meaning is directly compositional: 'mixed' (consisting of a mix) combined with 'economy' (the system of production/distribution) yields an economy made up of different ownership/control types. This pattern is cross-linguistically common and follows normal English noun modification, so a B1 learner who knows both constituents will very likely infer the intended meaning.
Etymology
Mixed economy uses mixed to mean a 'combine' of different parts and economy to mean how a country makes and shares goods, so picture a market where private shops and a government stall stand side by side. That's why it means a system where both 'private' businesses and the 'state' own and run parts of the economy together.