0
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.).
What else can I help you with?
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 group of players make all of the economic decisions in a freemarket system?
The US, Japan and Germany are all market economies. In a traditional economy. In market economies, economic decisions are made by individuals.
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.
Does russia have a freemarket economy?
yes Russia does have a free market economy after their new president got elected
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 combines free enterprise and government decisions in the marketplace?
freemarket
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 countries use freemarket capitalism?
United Arab Emirates, for one.
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
What group of players make all of the economic decisions in a freemarket system?
The US, Japan and Germany are all market economies. In a traditional economy. In market economies, economic decisions are made by individuals.
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.
20 disadvantages of centrally planned economy?
i dnt no
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.
