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- Pros of a market economy include12:
- It provides a society with the right goods or services at the right time.
- A market economy promotes entrepreneurship.
- It creates competition.
- It reduces the need to store products.
- Market economies tend to provide more jobs.
- Prices are usually kept down in a market economy.
- There is sufficient production of goods.
- It results in a win-win situation for capitalists and consumers.
- It motivates merchandisers to produce quality products.
- There is less shortage and surplus of products.
- This economic system creates employment opportunities.
- It encourages competitiveness.
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.What Are the Pros of a Market Economy?
- 1. It provides a society with the right goods or services at the right time. ...
- 2. A market economy promotes entrepreneurship. ...
- 3. It creates competition. ...
vittana.org/11-pros-and-cons-of-a-market-economyList of Pros of the Market Economy
- 1. There is sufficient production of goods. Proponents claim that a market economy allows for enough supplies of goods available to consumers. ...
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