Some arguments for disadvantages of the free-market economy:
1) Difficulty in over-coming underutilisation of inputs (this means it is difficult in a free-market to coordinate under-used resources).
2) Problems in regulation of safety (free-market firms can cheat and create harmful goods to make more profit).
3) Distribution of income is uneven (many believe the free-market rewards the rich and punishes the poor).
4) The free-market has fluctuations and is considered unstable (the free-market has a sort of business-cycle associated with it).
5) The free-market allows things like unemployment to occur (many people consider unemployment bad and preventable).
6) The free-market puts profit over humanity (some critics believe that the profit motive is more important than human well-being in the free-market).
7) Inability to produce and distribute public goods (i.e.) military protection, courts, etc.).
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.
advantages and disadvantages of market economy
The US, Japan and Germany are all market economies. In a traditional economy. In market economies, economic decisions are made by individuals.
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.
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.
yes Russia does have a free market economy after their new president got elected
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.
advantages and disadvantages of market economy
freemarket
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 US, Japan and Germany are all market economies. In a traditional economy. In market economies, economic decisions are made by individuals.
United Arab Emirates, for one.
it has public ownership
Please give disadvantages concerning csme in the Caribbean economy. natural disasters markets are small
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.
i dnt no
One disadvantage of the planned economy is that there is inefficient resource distribution.