Discuss the limitations of market system.
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Answer:poor quality : profit maximization is the biggest motivation for firm, they may try to redúce their cost and exploits the environment..
2. Merits goods: goods and services that are Profitable will not be produced e.g. in rural area hospital is not profitable to run but are necessary...
3. Unemployment: certain members of society will not be able to work with elderly people (because they aren't marketable and will fall in poverty)
Explanation:
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