Mixed economy
In
economics and
politics, a
mixed economy is an
economy which combines regulated
free market capitalism and a limited number of
socialist institutions and
State ownership of some sectors of the economy such as
- social security,
- environmental regulation,
- labor regulation,
- product safety regulation,
- progressive taxation and
- public education.
Most
democratic countries. including the
United States, have mixed economies.
See also Nationalisation, Public sector