Name seven main advantages to a market economy

1 answer:

3 0

Pros:
- freedom to choose your profession/work.
- competition between businesses (production of better products).
- work for your own benefit.
- we the people own the factors of production (land,labor, capital, entrepreneurship).
-financial growth.
-promotions.

cons:
-income inequality.
-unequal access to resources.
-no regulation for product safety.

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