answersLogoWhite

0

The benefit of a market economy is that people are free to make their own preferences on what products or services to obtain. The problem is that the costs for the production are not paid by the supplier at all times.

User Avatar

Wiki User

10y ago

What else can I help you with?

Continue Learning about Economics

What are the negatives in a mixed economy?

Oral


What are some positives and negatives of unemployment compensation?

Positives: There will be less crime as people receiving unemployment compensation of "welfare payments" will not have to resort to crime in order to survive. Their will be less homeless people on the streets Negatives: The economy will suffer. Resources will be misallocated and standard of living will decrease as the employed will have to pay for the unemployed (through taxes). The government would also have to pay as these payments would be paid to the unemployed regularly. There will be less incentive to work as you don't have to work in order to be paid and this will damage the labour force.


What are the positives and negatives of trading for resources?

Trading for resources can foster economic growth, enhance diplomatic relationships, and provide access to a wider variety of goods and services. However, it can also lead to dependency on external sources, expose nations to global market fluctuations, and create imbalances if one party holds disproportionate bargaining power. Additionally, resource trade may contribute to environmental degradation and exploit labor in resource-rich regions. Balancing these positives and negatives is crucial for sustainable trade practices.


Which countries have a market economy?

Almost every country has a market economy; North Korea still has a command economy. WRONG^^ U.S. is rumored to be a market economy, but there are not pure market economy.


Does Algeria have a market economy?

yes, it has a market economy.