Advantages and Disadvantages of Free Market Economy
THE ADVANTAGES OF FREE MARKET ( DISADVANTAGES OF COMMAND ECONOMY ) 1. Efficiency. free market economies are very competitive. Most of their industries are assumed to be perfectly competitive and so al...
Market Economy Compared to Planned Economy in Terms
Market economy compared to planned economy in terms of allocating scarce resources By: Habab Mohamed In the purpose of allocating the resources of a certain country, controlling the market flow, adjus...