76 381
Assignments Done
Successfully Done
In May 2019

Answer to Question #64903 in Other Economics for abbie

Question #64903
The united states is plotted on the continuum above indicating the nation's approximate position as a mixed but mostly free market economy. Assume policy changes in the USA and the country moves to the right a little. What benefits would the country gain by such a move? What problems would it face with such a move?
Expert's answer
Once USA moves to the planned economy due to policy changes, it can obtain both some advantages and disadvantages.

- Decreases the chances of monopoly;
- Can help in regulating the gap between poor and rich.

- Destroys entrepreneurship and innovation;
- Can result in breaking the rights of human beings;
- Problem of bureaucracy and delay of decisions is brought onto surface.

Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!


No comments. Be first!

Leave a comment

Ask Your question

Privacy policy Terms and Conditions