Question

pros and cons of Market Economy

Answer 1

Well, the pros are that is rewards innovation, goods and services are always produced in the most efficient ways possible, and it is also allows supply and demand. The cons are competition, so those who are small or not as efficient are hurt and or have a disadvantage. Human resources may be lacking for certain areas. The market is also as good as the winners in the economy.

Answer 2

can you like give examples?

Answer 3

Well, an example of supply and demand is a popular brand of cars are in high demand but have a low supply. So you can charge more per car and people are likely to pay it.

Answer 4

thanks!

Answer 5

No problem!