I support Market Economies because it gives everyone the freedom to do what they want with their company/business and meets the needs and wants of consumers.
Some strengths are: able to adjust to change gradually, individual freedom for everyone, lack of government interference, incredible variety of goods and services, decentralized decision making, and high degree of consumer satisfaction.
Some weaknesses are: it only rewards productive resources does not provide for people too young, too old, or too sick to work, workers and businesses face uncertainty as a result of competition and change, does not produce enough public goods such as defense, universal education, or health care, and must guard against market failures.
No comments:
Post a Comment