Difference between revisions of "Mixed economy"
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Revision as of 11:47, February 21, 2015
A mixed economy is one which combines unregulated (but not necessarily "free") private enterprise and government-subsidized or government-run industries. When mixed economies exist in democracies, there is popular pressure to privatize government industries seen as inefficient, but also to regulate private industries seen as harmful to society.
Sources
http://usinfo.state.gov/products/pubs/oecon/chap12.htm
