Advantages:
Competition > profit > innovation.
Disadvantages:
higher costs for consumers
there are losers
risk for an entrepreneur
advantages and disadvantages of market economy
advantages will be innovation is driven forward in a free capitalist economy with investors receiving dividends from successful ventures.
explain the advantages and disadvantages of active trade union movement to employers,employee and the economy?
really don't understand
Some of the advantages and disadvantages of modern fishing to the economy and environment are that people are able to catch their food for no price and its way more natural ,but some of the disadvantages are the fee's that are required to fish are high.
advantages and disadvantages of market economy
Advantages and disadvantages of free hand
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 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 will be innovation is driven forward in a free capitalist economy with investors receiving dividends from successful ventures.
explain the advantages and disadvantages of active trade union movement to employers,employee and the economy?
advantages of FOB
really don't understand
Some of the advantages and disadvantages of modern fishing to the economy and environment are that people are able to catch their food for no price and its way more natural ,but some of the disadvantages are the fee's that are required to fish are high.
disadvantage It is not free.
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.
Please give disadvantages concerning csme in the Caribbean economy. natural disasters markets are small