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Mixed economy
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Mixed economy

In economics and politics, a mixed economy is an economy which combines regulated free market capitalism and a limited number of command economy institutions and state ownership of some sectors of the economy such as

Most democratic countries, including the United Kingdom, have mixed economies. The United States has a market economy, not a mixed economy. It is nearly impossible to have pure capitalism (the government regulates nothing) or pure socialism (the government runs everything), but the term mixed economy is generally used when an economy has reasonably significant portions of both socialism and capitalism.

See also Nationalisation, Public sector

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