An economic system, which primarily relies on the forces of supply and demand to set prices (market economy), but also uses a variety of government interventions to cope with macroeconomic stability and market failures.
A political economy that attempts to combine the strengths of both market and command economies, while also minimizing their shortcomings. Control of the means of production is a shared between the state and private actors. The state's rules, action and direct involvement in the economic system guide some production, distribution and pricing decisions, and also moderate and limit the market behavior of private households and firms.
The dominant form of economic organization in noncommunist countries. Mixed economies rely primarily on the price system for their economic organization but use a variety of government interventions (such as taxes, spending, and regulation) to handle macroeconomic instability and market failures.
A mixed economy is an economy that has a mix of economic systems. It is usually defined as an economy that contains both private-owned and state-owned enterpriseshttp://dictionary.reference.com/search?q=mixed%20economy ''Mixed economy. Dictionary.com or that combines elements of capitalism and socialism, or a mix of market economy and command economy.