A centrally planned mixed market economy is an economy in which most economic decisions result from the interaction of buyers and sellers in markets but in which the government plays a significant role in the allocation of resources.
There is no such thing as a centrally planned mixed market economy, an economy can be:
centrally planned economy: the government decides how resources will be allocated
market economy: economic resources are allocated based on the decisions of households and firms interacting in markets
mixed economy
: it is a combination of the previous models. Most economic decisions result from the interaction of households and firms, but the government has a large influence on the way resources are allocated.
