Disscuss the advantages and disadvange of placing a greater emphasis on the market system
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a system of government by the whole population or all the eligible members of a state, typically through elected representatives.
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*While a market economy has many advantages, such as fostering innovation, variety, and individual choice, it also has disadvantages, such as a tendency for an inequitable distribution of wealth, poorer work conditions, and environmental degradation.!
*The advantage of a free market economy is that when it works, it can both reward and perpetuate innovation and hard work. A disadvantage of free market economies is that they are inherently more risky and thus tend to favor those who start out with more capital and resources.
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