A mixture of a
FreeMarket and regulatory controls, such as exists in the
UnitedStates at present.
I understand a
MixedEconomy to be a
FreeMarket where the State not only regulates but owns substantial
pieces of the national economy. As in, nationalized industries. Different from a
CommandEconomy in that
prices are not regulated by the State and there is still freedom to contract.
If regulatory controls were enough to make a
FreeMarket into a
MixedEconomy, then
FreeMarket can't be a
useful term (to describe actually existing national economies) because there would be no such thing. Every
nation regulates commerce.