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A ''[[mixed economy]]'' contains both private-owned and state-owned enterprises or that combines elements of capitalism and socialism, or a mix of market economy and command economy. For example, the UK is said to have a free market economy in almost all goods and services but retains a bureaucratic socialised healthcare regime. This is justified on the grounds that it will ensure that British subjects have access to health care which is supported out of state coffers.

A ''[[mixed economy]]'' contains both private-owned and state-owned enterprises or that combines elements of capitalism and socialism, or a mix of market economy and command economy. For example, the UK is said to have a free market economy in almost all goods and services but retains a bureaucratic socialised healthcare regime. This is justified on the grounds that it will ensure that British subjects have access to health care which is supported out of state coffers.

In an interview on [[PBS]], libertarian economist [[Milton Friedman]] said:<ref>{{cite web |url=https://www.pbs.org/wgbh/commandingheights/shared/minitext/int_miltonfriedman.html |title=Commanding Heights: Interview with Milton Friedman |work=[[PBS]] |date=October 1, 2000 }}</ref>

In an interview on [[PBS]], libertarian economist [[Milton Friedman]] said: "The most important single central fact about a free market is that no exchange takes place unless both parties benefit".<ref>{{cite web |url=https://www.pbs.org/wgbh/commandingheights/shared/minitext/int_miltonfriedman.html |title=Commanding Heights: Interview with Milton Friedman |work=[[PBS]] |date=October 1, 2000 }}</ref>

==See also==

==See also==