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Vadim26 [7]
3 years ago
7

Describe two advantages and two disadvantages of a market system.​

Law
2 answers:
crimeas [40]3 years ago
8 0
While a market economy has many advantages, such as fostering innovation, variety, and individual choice, it also has disadvantages, such as a tendency for an inequitable distribution of wealth, poorer work conditions, and environmental degradation.
Rudik [331]3 years ago
4 0

Answer:Some Advantages of Market System are : Wider varieties of goods as well as services can be seen in market system Consumers have control over what gets produced. Economic freedom as well as economic growth is possible in market system. Market system automatically adjust and responds to the people's wants.

Some Disadvantages of Market System are : Harmful goods or inferior products can be encourage due to free market. In market system production may lead to negative externalizes. Market system may not produce certain services and goods. In market system unequal distribution of wealth and income is observed

Explanation:

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1. Explain why we need to overhaul and simplify the law and how the legal system has changed

The law according to howard is a powerful tool that has the power of driving human behaviors and the united states has to overhaul the laws and make the laws simple so that the Americans would have the passion to address the issues facing the US.

People live in fear of what might happen next. Due to easily getting sued as well as charges that could be pressed at work and almost in all aspects of ones life. The law is getting heavier as the time goes by. People are afraid that they may say something that would land them in court. There is the constant fear if lawsuits..

2. Discuss how these changes have influenced the daily lives of people in the United States? Briefly explain one example Howard gives.

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