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What problem did the move toward a market economy economy cause?
Wiki User
∙ 12y ago
inflation due to lack of goods and profit motive
unemployment due to change in objective and structure of the economy
industrial unrest due to labour unrest
lack of markets
lack of welfare system
changes in the international trade pattern
Wiki User
∙ 12y ago
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Disadvantage of market economy?
One of the key disadvantages of a market economy is that it is unpredictable. Many events can cause shocks in a market economy. For instance, a natural disaster or war can cause volatility in the market. A lack of stability is the key feature of the market economy.
How a mixed economy uses market mechanism to solve basic economy problem?
A mixed economy can use the price mechanism to solve basic economy problem by eliminating a surplus if there is a surplus of goods causing the problem. This will cause the market price of those goods to drop. The price mechanism can also be used to expand suppliersâ?? production of a certain good when prices are rising because there is a high customer demand for that good.
What are some disadvantages of having a market economy?
cause like yea.
How do fraud and manipulation of market prices hurt the economy?
Fraud hurts the economy since it's abusing the system & cause corruption towards the economy.
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.
Disadvantage of market economy?
One of the key disadvantages of a market economy is that it is unpredictable. Many events can cause shocks in a market economy. For instance, a natural disaster or war can cause volatility in the market. A lack of stability is the key feature of the market economy.
How a mixed economy uses market mechanism to solve basic economy problem?
A mixed economy can use the price mechanism to solve basic economy problem by eliminating a surplus if there is a surplus of goods causing the problem. This will cause the market price of those goods to drop. The price mechanism can also be used to expand suppliersâ?? production of a certain good when prices are rising because there is a high customer demand for that good.
What was the cause of the stock market crash?
Economy prices
What are some disadvantages of having a market economy?
cause like yea.
What are disadvantages of market economies?
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.
How do fraud and manipulation of market prices hurt the economy?
Fraud hurts the economy since it's abusing the system & cause corruption towards the economy.
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 some disadvantages of market economies?
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.
In a market economy a high price will usually cause?
producers to supply more and consumers to buy less.
What problem is cause by nit using standard unit when buying things at the market?
The problem of not using a standard unit when buying things at the market is that it brings confusion and unnecessary arguments on the exact measure.
Why do most economies in the world today operate somewhere between a market economy and a command economy?
Most economies in the world today operate between a market economy and a command economy because,clinging to command economy in the present world economic scenario will make you live like a frog in the well. The inherent benefits of a market economy are you allow the domestic industries to stand on their own foot, licence raj is abolished. The benefits of price reduction as per world market rates can be offered for the welfare of the country men. Those who are not willing to totally switch over to market economy, operate somewhere between the two.
What are some social consequences of rave drugs?
The social consequence of using rave drug an cause you serious hear problem cause vilolence toward other or themselves can lead you to family problem job lost....
