What is the validity of a mixed economy system?

[King Khaizan]

The economic life of a country can be very different from each other because of the economic system that it implements. Many think that the success of a system is when the people in it can live a decent and prosperous life. For example, the United States of America is considered to have been able to prosper its people, then the capitalist economic system it uses is considered to be at the forefront at this time.

It's just that not all countries that have adopted a capitalist economic system have succeeded in providing the greatest possible prosperity for their people. There are many other countries with this system that have not shown any results other than competition in the economic field which is getting crazier because it is entirely left to the market.

So, the economic system is used by the state to face various challenges in terms of the economy. This system depends on the situation or conditions that occur in the country and it is possible for a country to change the economic system in order to achieve its goals.

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[jaysabi]

Now even united state of America as an example of a capitalist economy has the government regulating and also taking part in the decision making of the economy.does that makes it a mixed economic also?

Yes, the US is an example of a mixed economy.  Some examples of how the government impacts the economy include laws and licensing requirements that control the ability to buy or sell certain goods/services (liquor laws, gambling laws, excise taxes, licensing for certain professions, etc.), and the government's involvement in building infrastructure such as educational institutions, roads, hospitals, etc.  I don't know of any economy that is truly a free market economy.

[Baihaki Khaizan]

A mixed economic system is a combination that combines the advantages of a centralized economic system, a market economy, and a traditional economy. The weaknesses of each system are removed. This system is adopted by many countries in the world. However, the form of a mixed economic system varies from country to country, depending on which advantages are emphasized over other advantages. although a number of large countries adhere to the capitalist and socialist system, they are also involved in a mixed economic system, because each country has targets and goals to be achieved.