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Panama's economic system is a free-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.
Deflation is the fall of the general price market. The disadvantages of deflation are large levels of unemployment and an unstable economy.
reduce government control of business.
Discuss the economic problems that are likely to occur as a country moves from central planning towards a market economy?
seasonal
Panama's economic system is a free-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.
a market economy
Increasing your market share is likely to invite competition - you may invite competition. hehehe K12 LOL
Deflation is the fall of the general price market. The disadvantages of deflation are large levels of unemployment and an unstable economy.
reduce government control of business.
Discuss the economic problems that are likely to occur as a country moves from central planning towards a market economy?
A Market economy is most likely to develop new and better products.
The advantages are that it allows more opportunities for businesses. Disadvantages are that the businesses are not properly regulated.
Market Economy.
Reduce government control of business----- Study island question