what is one disadvantage of our free market
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The disadvantages of a free market economy (and the advantages of a command economy) Public goods cannot be provided privately because of their two characteristics, non-diminishability and non-excludability. ... Merit goods, like health and education, tend to be under provided in a free market.
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Disadvantages of Free Market
- Free markets favour the privileged because they have money and resources to buy goods and services they want.
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