Definitions from the Web
Mixed Market Economy
Description:
A mixed market economy refers to an economic system that combines elements of both free-market capitalism and governmental regulations. In this type of economy, there is a coexistence of privately owned businesses and government intervention.
Senses:
- First Sense: A mixed market economy is characterized by individual freedom to engage in economic activities, private ownership of property, and competition among businesses, alongside government involvement to ensure fair practices, consumer protection, and public welfare.
- Second Sense: It can also refer to an economic system in which there is a mixture of both price determination through market forces and government influence, such as regulating prices or setting quotas.
Usages:
- Popular Usage: Many modern economies, including the United States, Canada, and Germany, are considered mixed market economies as they feature a blend of private enterprise and government controls.
- Local Usage: The local government implemented policies that aimed to support small businesses while still ensuring fair trade practices in the mixed market economy of the city.
Sample Sentences:
- In a mixed market economy, businesses have the freedom to set their prices, but are also subject to government regulations.
- The government monitors and regulates certain sectors of the mixed market economy to protect consumers from monopolistic practices.
- A mixed market economy provides opportunities for entrepreneurship and innovation, while also striving to achieve social and economic equality.
Related Products:
If you are interested in learning more about the concept of mixed market economies, you can find related books and resources on:
Amazon - Mixed Market Economy |