What are the advantages and disadvantages of a free market economy?
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Answered by
13
Heya....
See here for your answer.....
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What is free market economy..??
√ This is the economy in which producers are free to take the market decisions themselves according to market forces as demand and supply...
Advantages of free market economy..
√ It increases the innovations and use of high technologies in economy...
√ It increase the contribution of secondary sector in economy..
√ It raise the consumer sorveginity...
Disadvantages of free market Economy...
√ It leads to lack of social welfare in economy...
√ It influenced the cost of products and leads to inflation...
√ It gives the competition to the survival of middle and poor class people...
Thank you...
See here for your answer.....
=============
What is free market economy..??
√ This is the economy in which producers are free to take the market decisions themselves according to market forces as demand and supply...
Advantages of free market economy..
√ It increases the innovations and use of high technologies in economy...
√ It increase the contribution of secondary sector in economy..
√ It raise the consumer sorveginity...
Disadvantages of free market Economy...
√ It leads to lack of social welfare in economy...
√ It influenced the cost of products and leads to inflation...
√ It gives the competition to the survival of middle and poor class people...
Thank you...
nzkj:
hello
Answered by
2
A free market economy promotes the production and sale of goods and services, with little to no control or involvement from any central government agency. Instead of government-enforced price controls, a free market economy allows the relationships between product supply and consumer demand to dictate prices.
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