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Why is it important to diversify your economy?
An economy based on only one market is an invitation to disaster. If that market fails, the entire economy fails. With diversification, an economy can survive a failed market.
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 disadvantagesof a market economy?
advantages and disadvantages of market economy
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.
What are the disadvantages of a centrally planned economy?
In a centrally planned economy, the disadvantages include lack of competition, inefficiency in resource allocation, slow innovation, and limited consumer choice.
Disadvantages of diversification?
There are a number of disadvantages of diversification. Some of them include overuse of resources, it may affect level of production and so much more.
What are Advantages and disadvantages of conglomerate merger?
disadvantages- unlikely economic benefits will be generated for the target or the bidder advantages- diversification
Why is it important to diversify your economy?
An economy based on only one market is an invitation to disaster. If that market fails, the entire economy fails. With diversification, an economy can survive a failed market.
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 disadvantagesof a market economy?
advantages and disadvantages of market economy
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.
What are the disadvantages of command economy?
it has public ownership
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
Why is there diversification taking place in the economies of North Africa?
Diversification is taking place in the economies of North Africa because if one main crop fails, there needs to be others so the whole economy doesn't fail.
Advantages and disadvantages of diversification?
advantages 1. more money 2.more jobs 3.tourism disadvantages 1.no local support 2.misuse of funds 3.imbalance of trade
What has the author McCarthy John-Baptiste Marie written?
McCarthy John-Baptiste Marie has written: 'Agricultural diversification in a small economy' -- subject(s): Agricultural diversification, Agriculture, Banana trade, Economic aspects of Agriculture
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.
