A market system is any systematic process enabling many market players to offer and demand: helping buyers and sellers interact and make deals.
Explanation:
Disadvantages Of A Free Market Economy
Poor Quality. Since profit maximization is the biggest motivation for firms, they may try to reduce their costs unethically. ...
Merit Goods. Goods and services that are not profitable will not be produced or run. ...
Excessive Power of Firms. ...
Unemployment and Inequality.
advantage
A market economy promotes free competition among market participants. Notable benefits of a market economy are increased efficiency, production, and innovation.
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I wish she gets her memory back soon
I can't feel your pain but I know how it feels when ur bestie don't remember you
Answers & Comments
Verified answer
Answer:
A market system is any systematic process enabling many market players to offer and demand: helping buyers and sellers interact and make deals.
Explanation:
Disadvantages Of A Free Market Economy
Poor Quality. Since profit maximization is the biggest motivation for firms, they may try to reduce their costs unethically. ...
Merit Goods. Goods and services that are not profitable will not be produced or run. ...
Excessive Power of Firms. ...
Unemployment and Inequality.
advantage
A market economy promotes free competition among market participants. Notable benefits of a market economy are increased efficiency, production, and innovation.
Ik you aren't fine at all after losing ur bestie
I wish she gets her memory back soon
I can't feel your pain but I know how it feels when ur bestie don't remember you
Don't worry she will be fine
Explanation:
Market economies are open economies that allow the free flow of goods and services between producers and consumers based on demand and supply.
ADVANTAGES AND DISADVANTAGES OF MARKET ECONOMIES :-
The benefits of a market economy include:
The weaknesses of a market economy include: