DISADVANTAGES
The motivation of a business is to make a profit. Therefore, businesses usually act with their own profits in mind. Sometimes the best interests of business are NOT the best interests of common people, however. For example, car companies might deliberately make tires that go bad after a few years, so consumers will be forced to buy more tires (and boost the company's profits). Another good example is health care. In America, health care is run by corporations, which means they might only sell medicines that are profitable to make and sell.
the problem with a complete free market economy is monopolizes. with no regulation one company can have a monopole and charge whatever they want.people can buy and sell what they want because a market econmy means a free econmy.
There are many, but the most general include rampant materialism, high levels of economic inequality, private distribution of property rights, and apparent incompatibility of markets with democracy.
One disadvantage of a free market economy is that the wealth isnÕt distributed through all groups. Another disadvantage is that profits are not guaranteed.
Explain the disadvantages of a Free market economy
they are subjected directly to the country they related to
wealth is spread unevenly throughout society
economics is a science
advantages and disadvantages of market economy
The market economy has many advantages, but it also has its share of disadvantages. Two of the main disadvantages are that this type of economy can be very unstable and it tends to cause a large gap in the distribution of income.
what are the merits and demerits of free market economy
A free market economy
Egypt is a free market economy.
A free market economy has its advantages as well as disadvantages. Some disadvantages are that a competitive environment creates an atmosphere of survival of the fittest. Wealth is not distributed equally, and there is no economic stability.
advantages and disadvantages of market economy
A free market economy has its advantages as well as disadvantages. Some disadvantages are that a competitive environment creates an atmosphere of survival of the fittest. Wealth is not distributed equally, and there is no economic stability.
A free market economy
The market economy has many advantages, but it also has its share of disadvantages. Two of the main disadvantages are that this type of economy can be very unstable and it tends to cause a large gap in the distribution of income.
The market economy has many advantages, but it also has its share of disadvantages. Two of the main disadvantages are that this type of economy can be very unstable and it tends to cause a large gap in the distribution of income.
what are the merits and demerits of free market economy
A free market economy
A free market economy is a market based one. The prices of goods and services are determined independently in a free market.
Egypt is a free market economy.
A market economy
a free economy with few goverment regulations