Answer to Question #1630 in Microeconomics for abdul sami
Question #1630
Advantages and disadvantages of capitalist economy?
Expert's answer
Advantages:
Dynamic market is always orientated to consumer preferences, new trends. Due competition between each other companies have to cut the costs. Orientated to the profit, controlled by the supply-demand balance, the market is self-regulating stable system.
Disadvantages:
There is a social inequality, huge gap between the rich and the poor. With free market system the companies are allowed to provide monopoly policy in pricing and wage workers.
Dynamic market is always orientated to consumer preferences, new trends. Due competition between each other companies have to cut the costs. Orientated to the profit, controlled by the supply-demand balance, the market is self-regulating stable system.
Disadvantages:
There is a social inequality, huge gap between the rich and the poor. With free market system the companies are allowed to provide monopoly policy in pricing and wage workers.
Need a fast expert's response?
Submit orderand get a quick answer at the best price
for any assignment or question with DETAILED EXPLANATIONS!
Ask Your question
I'm highly satisfied with your work. These are very advanced and difficult assignments. And I must say that without your help, I would be badly stuck.
#185689 on Nov 2017
#185689 on Nov 2017 
Comments
Leave a comment