Social Sciences, asked by sahaniyash2001, 7 months ago

what is market system discuss its benefits and limitations std10

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Answered by Anonymous

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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.

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Answered by Anonymous

Answer:

Explanation: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

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