What is another word for mixed economy?
Pronunciation: [mˈɪkst ɪkˈɒnəmi] (IPA) 
A mixed economy is an economic system that combines free market capitalism and government intervention and regulation. Some synonyms for this term include a hybrid economy, a dual economy, or a blended economy. Other related terms include a market-oriented mixed economy, a capitalist welfare state, or a social market economy. These synonyms all highlight the dual nature of a mixed economy: on one hand, it supports private enterprise and competition, but on the other hand, it also recognizes the need for the government to provide some level of social welfare and economic regulation. Overall, these synonyms reflect the complex and nuanced nature of economic systems that exist in many modern societies.
