Private enterprise and some state monopoly coexist in this type of economic system. Public services, defense, infrastructure, and basic industries are some of these state monopolies. The means of production are shared between the private and public sectors as all modern economies are mixed. Also known as dual economy.
Link to This DefinitionDid you find this definition of MIXED ECONOMY helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary