Home > M Words > mixed economy

mixed economy

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

Pronunciation Usage Guide

Syllabification: mixed e·con·o·my

Audio Pronunciation

– American English
– British English

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

Additional Information

Related Terms


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 June 6, 2020 (http://sociologydictionary.org/mixed-economy/).

APA – American Psychological Association (6th edition)

mixed economy. (2014). In K. Bell (Ed.), Open education sociology dictionary. Retrieved from http://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 June 6, 2020. http://sociologydictionary.org/mixed-economy/.

MLA – Modern Language Association (7th edition)

“mixed economy.” Open Education Sociology Dictionary. Ed. Kenton Bell. 2014. Web. 6 Jun. 2020. <http://sociologydictionary.org/mixed-economy/>.