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  2. Most economists say that a market economy system is best able to deliver a high quality of life to most of its citizens. Its benefits include increased efficiency, steady economic growth, and motivation for innovation. Its potential downsides include the risks of monopolies, exploitation of labor, and income inequality.
    www.investopedia.com/terms/m/marketeconomy.asp
    The main advantages of market economies are competition, freedom, flexibility, innovation, and efficiency, while the main disadvantages are market imperfections, missing public goods, market failures, and income inequality.
    www.economicsonline.co.uk/definitions/disadvanta…
     
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