Final answer:
An active, but limited government is indicative of a mixed economy in modern advanced industrial economies, where market-based systems coexist with targeted government interventions.
Step-by-step explanation:
An active, but limited government is characteristic of a mixed economy in modern advanced industrial economies. Mixed economies blend elements of both market and command economic systems, often featuring a market-based approach to economic transactions while allowing for government intervention to achieve certain social aims and provide public goods. Countries in Europe and Latin America, for instance, tend to have a greater degree of government involvement than the U.S., which is relatively more market-oriented but still features significant government presence in various roles, such as regulator, protector, provider, consumer, and promoter. These economies have evolved to meet the changing needs and expectations of their societies, often resulting in what is labeled a "modified private enterprise economy" or a "mixed economy."