Skip to main content
Select Source:

mixed economy

mixed economy An economy which combines elements of the market economy with elements of a command economy; that is, combines characteristics of capitalism and socialism. In a mixed economy, some but not all of the activities of production, distribution, and exchange are organized by the state, and the state generally plays a larger role in setting policy, rules, and objectives, and in controlling labour, than would occur in a purely market economy.

The term is sometimes used more loosely to refer to an economy which includes any elements other than a pure market economy, for example pockets of subsistence farming in particular areas of the country.

Cite this article
Pick a style below, and copy the text for your bibliography.

  • MLA
  • Chicago
  • APA

"mixed economy." A Dictionary of Sociology. . Encyclopedia.com. 23 Aug. 2017 <http://www.encyclopedia.com>.

"mixed economy." A Dictionary of Sociology. . Encyclopedia.com. (August 23, 2017). http://www.encyclopedia.com/social-sciences/dictionaries-thesauruses-pictures-and-press-releases/mixed-economy

"mixed economy." A Dictionary of Sociology. . Retrieved August 23, 2017 from Encyclopedia.com: http://www.encyclopedia.com/social-sciences/dictionaries-thesauruses-pictures-and-press-releases/mixed-economy

economy, mixed

economy, mixed See MIXED ECONOMY.

Cite this article
Pick a style below, and copy the text for your bibliography.

  • MLA
  • Chicago
  • APA

"economy, mixed." A Dictionary of Sociology. . Encyclopedia.com. 23 Aug. 2017 <http://www.encyclopedia.com>.

"economy, mixed." A Dictionary of Sociology. . Encyclopedia.com. (August 23, 2017). http://www.encyclopedia.com/social-sciences/dictionaries-thesauruses-pictures-and-press-releases/economy-mixed

"economy, mixed." A Dictionary of Sociology. . Retrieved August 23, 2017 from Encyclopedia.com: http://www.encyclopedia.com/social-sciences/dictionaries-thesauruses-pictures-and-press-releases/economy-mixed