Mixed Economies

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A look at the mixed economy of the United States.

Read about the three main criticisms of mixed economic systems: distortions of price signals, unintended government failures, and regime uncertainty.

Learn more about mixed economies in the Boundless open textbook.

Learn more about the benefits of mixed economies in the Boundless open textbook.

Every country follows some kind of economic system. In this lesson, you will learn about a mixed economy. We'll look at its characteristics.

A mixed economy combines the advantages and disadvantages of market, command and traditional economies. Here's examples and U.S. status.

Most business and industry can be left to private firms. Private firms tend to be more efficient than government controlled firms because they have a profit incentive to cut costs and be innovative.

An economic system that features characteristics of both capitalism and socialism.

A mixed economy is variously defined as an economic system consisting of a mixture of either markets and economic planning, public ownership and private ownership, or free markets and economic interventionism. However, in most cases, "mixed economy" refers to market economies with strong regulatory oversight and governmental provision of public goods, although some mixed economies also feature a number of state-run enterprises.