mixed economy
Word Rarity
Uncommon
Frequency: Zipf frequency 4.44 in modern English
29
Scrabble Score
12
Letters
4
Syllables
9
Unique Chars
Meaning
noun
A market economy with governmental provision of public goods, often with strong regulatory oversight, other forms of economic interventionism and some level of economic planning.
Example Sentences
- "Angara rely on a participatory mixed economy, applying elements of socialism, capitalism, and an informal barter system. The exact means of market control varies on a contextual basis, reflecting the needs of a civilization primarily focused on its survival. Basic goods and services deemed essential to life are provided as fundamental rights, with citizens voting annually to determine exact resource allocations."