When an economy is a combination of private enterprise, government ownership of resources and government planning of the economy, this is called

This type of economy is called a Mixed Economy.

Here are the steps to understand this:

1. Private Enterprise: This refers to the part of the economy that is run by private individuals or groups, usually as a means of enterprise for profit, and not controlled by the state.

2. Government Ownership of Resources: This refers to the part of the economy where resources (like land, minerals, etc.) are owned and controlled by the government.

3. Government Planning of the Economy: This refers to the part of the economy where the government makes strategic decisions about the allocation of resources, the distribution of wealth, and the economic stability and growth of the country.

When these three elements are combined, it forms a Mixed Economy. In a mixed economy, both the state and private sector direct the economy, reflecting characteristics of both market economies and planned economies. Most mixed economies can be described as market economies with strong regulatory oversight and government provision of public goods. Some mixed economies also feature a variety of state-run enterprises.