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WordNet-Online
Definitions from WordNet | ||||
Definitions from the WebMixed EconomyA mixed economy refers to an economic system that combines elements of both capitalism and socialism. In a mixed economy, the government and private enterprises coexist, creating a balance between free market principles and state intervention. Sense 1: Part of Speech: Noun Definition: An economic system with both private and state ownership, where the state controls key industries and there is room for private enterprise and capitalism. Example Sentence: The mixed economy of the country allows for competition while providing social welfare programs. Related Products on Amazon: Books on Mixed Economy Sense 2: Part of Speech: Adjective Definition: Describes something that combines elements from different ideologies or systems. Example Sentence: The project aims to foster a mixed economy approach, blending traditional methods with modern technology. Related Products on Amazon: Tools for a Mixed Economy Sense 3: Part of Speech: Adjective Definition: Pertaining to a local economy that relies on a mix of industries and sectors. Example Sentence: The town's mixed economy thrived due to its diverse range of businesses, including agriculture, manufacturing, and tourism. Related Products on Amazon: Local Products for a Mixed Economy | ||||
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