Mixed economy

A mixed economy is an "economy that combines capitalism and socialism" http://www.bartleby.com/59/18/mixedeconomy.html. Some sources prefer the use of "command economy" over "socialism" in defining a mixed economy (see external links below). Relevant aspects include a degree of private economic freedom (including privately owned industry) intermingled with centralized economic planning (which may include state ownership of some of the means of production).

Related Topics:
Economy - Capitalism - Socialism - Command economy - Economic freedom - Centralized economic planning - State ownership

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Most Western countries, including the United States http://economics.about.com/od/howtheuseconomyworks/a/mixed_economy.htm, have a mixed economy.

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