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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Answer:Dr Stanley used The Biological Approach
Explanation:
The biological approach is an approach used in psychology to explain to find concepts that explain human experience. The biological approach strive and aim to give explanations of mental processes and behaviours by examining how their nervous system operates in the structural and cellular stages.
For example Dr Stanley studied neural patterns and sections of the brains in order to explain the effect of the colour red on babies.
Answer:
Providing a series of mnemonic devices to increase student retention of new words.
Explanation:
The students are trying to learn new vocabulary but they are unable to retain the new words. The students are learning new words by writing its definition and examples. This will create a visual impact for every word and retention would be easy. The student vocabulary knowledge can be improved by providing mnemonic devices.
Answer:
Utilitarian love.
Explanation:
The word utilitarian was given by the judge and philosopher Jeremy Bentham, who believed that his principle would create a considerable amount of happiness for several people.
Utilitarian love: It refers to the rational and practical dedication to another person sharing emotional commitment and understanding.
Since, Juan and Maria believe that they make a good pair and are committed to each other, so they possess the utilitarian love.