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mixed economy |
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A term sometimes applied to an economy which combines private- and state-owned productive activities. As all capitalist economies have some state activities and all countries with a centrally planned command economy have (or had) some private activity, mixed economy is not a helpful term. It is misleading if taken to describe some intermediate between a fully capitalist and a socialist economic system, because the predominant mode of production usually remains capitalist. (DMS) |
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