Table of Contents
Definition of Mixed Economy
(noun) An economic system in which goods and services are produced, distributed, and exchanged by the forces of price, supply, and demand with partial control by a central authority such as a government.
Mixed Economy Pronunciation
Syllabification: mixed e·con·o·my
Audio Pronunciation
Phonetic Spelling
- American English – /mIkst i-kAHn-uh-mee/
- British English – /mIkst i-kOn-uh-mee/
International Phonetic Alphabet
- American English – /mɪkst ɪˈkɑnəmi/
- British English – /mɪkst i(ː)ˈkɒnəmi/
Usage Notes
- Plural: mixed economies
- A mixed economy is a combination of a market economy and command economy.
Additional Information
- Economic Sociology – Books, Journals, and Helpful Links
- Word origin of “mixed” and “economy” – Online Etymology Dictionary: etymonline.com
Related Terms
- allocation of resources
- capitalism
- class
- distribution
- division of labor
- economic system
- economy
- market economy
- market exchange
- redistribution
- subsistence economy
Works Consulted
Kendall, Diana. 2011. Sociology in Our Times. 8th ed. Belmont, CA: Wadsworth.
Stewart, Paul, and Johan Zaaiman, eds. 2015. Sociology: A Concise South African Introduction. Cape Town: Juta.
Thompson, William E., and Joseph V. Hickey. 2012. Society in Focus: An Introduction to Sociology. 7th ed. Boston: Allyn & Bacon.
Tischler, Henry L. 2011. Introduction to Sociology. 10th ed. Belmont, CA: Wadsworth.
Wikipedia contributors. (N.d.) Wiktionary, The Free Dictionary. Wikimedia Foundation. (http://en.wiktionary.org).
Cite the Definition of Mixed Economy
ASA – American Sociological Association (5th edition)
Bell, Kenton, ed. 2014. “mixed economy.” In Open Education Sociology Dictionary. Retrieved April 23, 2024 (https://sociologydictionary.org/mixed-economy/).
APA – American Psychological Association (6th edition)
mixed economy. (2014). In K. Bell (Ed.), Open education sociology dictionary. Retrieved from https://sociologydictionary.org/mixed-economy/
Chicago/Turabian: Author-Date – Chicago Manual of Style (16th edition)
Bell, Kenton, ed. 2014. “mixed economy.” In Open Education Sociology Dictionary. Accessed April 23, 2024. https://sociologydictionary.org/mixed-economy/.
MLA – Modern Language Association (7th edition)
“mixed economy.” Open Education Sociology Dictionary. Ed. Kenton Bell. 2014. Web. 23 Apr. 2024. <https://sociologydictionary.org/mixed-economy/>.