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BabaBlast [244]
3 years ago
6

Explain the advantages and disadvantages of free market economies

English
1 answer:
nikitadnepr [17]3 years ago
3 0

Answer: Hi there

The Advantages and disadvantages of free market economy  are as following

The lack of government control allows free market economies a wide range of freedoms, but these also come with some distinct drawbacks.

Advantage: Absence of Red Tape

Advantage: Freedom to Innovate

Advantage: Customers Drive Choices

Disadvantage: Limited Product Ranges

Disadvantage: Dangers of Profit Motive

Hope this helped

:D

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