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- Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.The benefits of a market economy include increased efficiency, production, and innovation. The disadvantages of a market economy include monopolies, no government intervention, poor working conditions, and unemployment.www.carboncollective.co/sustainable-investing/mar…A free market economy has many benefits. It allows for increased prosperity and better quality products because it stimulates competition between companies, which encourages efficiency and innovation (e.g., alternative energy sources). Free market economies do have drawbacks, too.www.financestrategists.com/wealth-management/…
Although free market economies hold many benefits for businesses, there are some disadvantages for smaller organizations and individuals too:
- This economic system depends on competition within the private sector in order to function. ...
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