Vocab Bloom Hub

mixed economy

/ˈmɪkst ɪˈkɒnəmi/

1 entry

phrase

/ˈmɪkst ɪˈkɒnəmi/C1formalbusiness
  • ruЭкономическая система, сочетающая элементы свободного рыночного капитализма и государственного вмешательства, где частное предпринимательство и государственный сектор сосуществуют.

An economic system that combines elements of both free market capitalism and government intervention, where private enterprise and public sector coexist.

  1. B2formal

    An economic system that combines elements of both capitalism and socialism, featuring both private and public sector involvement.

    ruЭкономическая система

    • The United States operates under a mixed economy with both private businesses and government regulations.
    • A mixed economy allows for private enterprise while the government provides public services.
    • Many European countries have a mixed economy that balances free markets with social welfare programs.