write limitation of market macanism system?
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The disadvantages of market system
In a market system, producers do not produce a good or a service if it is not profitable. But sometimes it may be necessary to produce some goods even if it is not profitable. Therefore Market system will fail in this aspect
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Explanation:
The disadvantages of market system
The disadvantages of market systemIn a market system, producers do not produce a good or a service if it is not profitable. But sometimes it may be necessary to produce some goods even if it is not profitable. Therefore Market system will fail in this aspect.
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