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.
Some of the advantages and disadvantages of modern fishing to the economy and environment are that people are able to catch their food for no price and its way more natural ,but some of the disadvantages are the fee's that are required to fish are high.
cause like yea.
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.
A Market economy is reffered to as an economy in which the consumers decide what to produce, How to produce and For whom to produce. There are several disadvantages of a market economy. The main one being an inefficient allocation of resources refered to as market failure. Firstly, some good and services would be under provided such as defence and education.
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.
One disadvantage of the planned economy is that there is inefficient resource distribution.
The disadvantages of the mixed economy in Nigeria is that some unscrupulous businessmen are evading taxes. They import some goods which pose a danger to the locally produced goods.
Some of the advantages and disadvantages of modern fishing to the economy and environment are that people are able to catch their food for no price and its way more natural ,but some of the disadvantages are the fee's that are required to fish are high.
cause like yea.
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.
A Market economy is reffered to as an economy in which the consumers decide what to produce, How to produce and For whom to produce. There are several disadvantages of a market economy. The main one being an inefficient allocation of resources refered to as market failure. Firstly, some good and services would be under provided such as defence and education.
advantages and disadvantages of market economy
An absolute government helps provide a safety net for the economy. The disadvantages are that it controls everything in our lives, from our actions to our opinions.
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.
A free market economy has its advantages as well as disadvantages. Some disadvantages are that a competitive environment creates an atmosphere of survival of the fittest. Wealth is not distributed equally, and there is no economic stability.
A free market economy has its advantages as well as disadvantages. Some disadvantages are that a competitive environment creates an atmosphere of survival of the fittest. Wealth is not distributed equally, and there is no economic stability.