answersLogoWhite

0


Best Answer

Advantages:

Competition > profit > innovation.

Disadvantages:

higher costs for consumers

there are losers

risk for an entrepreneur

User Avatar

Wiki User

12y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What are the advantages and disadvantages of a free economy?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What are the advantages and disadvantagesof a market economy?

advantages and disadvantages of market economy


Advantages and disadvantages of free hand method?

Advantages and disadvantages of free hand


What are the disadvantages of free marketing system?

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.


What are the disadvantages of a free-market system?

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.


Discuss the advantages and disadvantages of capital market?

advantages will be innovation is driven forward in a free capitalist economy with investors receiving dividends from successful ventures.


What is advantage or disadvantage of free trade?

explain the advantages and disadvantages of active trade union movement to employers,employee and the economy?


Advantages and disadvantages of free on board?

advantages of FOB


What are the advantages and disadvantages of market economy?

really don't understand


What are the advantages and disadvantages of modern fishing to the economy and environment?

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.


What are the advantages and disadvantages of keynote?

disadvantage It is not free.


What are some disadvantages of the 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 advantages and disadvantages of the Caribbean single market economy?

Please give disadvantages concerning csme in the Caribbean economy. natural disasters markets are small