Benefits-Drawbacks

Main drawbacks or disadvantages of market economy can be highlighted as follows: 1. Wealth Disparity One of the major drawbacks of market economy is unequal distribution of wealth. It widens the gap between wealthy and poor individuals. Rich people become more wealthier and poor become more poorer. 2. Distorted Investment Producers...

Main advantages or benefits of market economy can be highlighted as follows: 1. Increase Business Efficiency There will be a competition among producers to produce high quality products at lower cost. So, latest technology and modern methods of production are introduced. Therefore, market economy helps to increase business...