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2 years ago

Strengths and weaknesses in a Market economy

Social Studies

1 answer:

rewona [7]2 years ago

5 0

Strengths

The main benefits of a market economy are efficiency gains, productivity, competitiveness, and creativity.

Weaknesses

The drawbacks of a market economy, on the other side, include fierce rivalry, subpar conditions of employment, environmental damage, and economic inequality.

This is further explained below.

<h3>What is a market economy?</h3>

Generally, an economic model in which privately held companies engage in unrestrained competition to set pricing and output.

In conclusion, Strengths

Gains in productivity, competitiveness, inventiveness, and efficiency are the primary advantages of a market economy.

Weaknesses

On the other hand, a market economy has disadvantages such as intense competition, poor work conditions, environmental harm, and economic inequality.

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Which of the following choices are United States strengths? Select all that

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Answer:

<u>Strong leadership and familiar terrain </u>

The American colonists fighting the British were blessed to have strong leadership in people like General Washington, Thomas Jefferson, Friedrich Wilhelm von Steuben and Alexander Hamilton who inspired and galvanised them into decisive and strong units.

They were also fighting on their home territory and so had better knowledge of the area than the British.

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Read 2 more answers

attitudes may be described as comprising which components?

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Attitude refers to an ideal or negative evaluative response toward something or somebody, displayed in ones convictions, sentiments, or expected conduct. It is a social introduction - a hidden slant to react to something either positively or horribly.
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2. Affective: sentiments or feelings that something inspires. e.g. fear, sensitivity.
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