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A economic system where both private and a degree of state monopoly exist together. Most modern economics are mixed but not all.

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The United States is one of the countries that have a mixed economic system.

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A economic system combines characteristics of Capitalism and Socialism.

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https://youtu.be/32QpYF_oZR0

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One advantage is that it gives goods and services to where people most need it.

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Another advantage is that this system rewards the most successful producers with the highest growing profit.

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https://www.thebalance.com/mixed-economy-definition-pros-cons-examples-3305594

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https://www.economicshelp.org/blog/glossary/mixed-economy/

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http://www.encyclopedia.com/social-sciences-and-law/sociology-and-social-reform/sociology-general-terms-and-concepts/mixed

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The last advantage is that  it encourages innovation to meet customer wants more easily.

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This system tends to sometimes lend over to government control other than free freedom.

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Consumers always chose in what they want to buy.

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In this system.... there is also less income inequality.

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Summary (and why or why not we would want this system.)

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Summary (and why or why not we would want this system.)

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Well since we live already in the United States we already have the Mixed system. Sometimes I think the Mixed system is okay but then sometimes it's not, as the it's sometimes unfair in some circumstances. The system is great overall and my team and I are happy to live in this system.