A mixed economy is an economy that incorporates elements of both free market transactions and government control. While a mixed economy generally allows private property and prices, it also will ...

The government has control over a command or planned economy. In mixed economies, the government has some control, while the rest is up to private enterprise, consumers, and supply and demand.

The United States has a mixed economy, which combines elements of capitalism and socialism. It functions as a free market economy with governmental economic controls.