Ask Question
BusinessBusiness
2 June, 05:14

Which of the following is a disadvantage of a market economy? a. consumer satisfaction is lowb. it limits freedom for producers and consumersc. it does not provide for everyoned. it limits private property rights

+4
Answers (1)
  1. 2 June, 07:32
    0
    Answer: The correct answer is c) It does not provide for everyoned.

    Explanation:

    In a market economy, the problem is that we are not born with the same opportunities, nor the possibility of accessing the same factors of production, nor are we equally qualified in all fields. That is, those who are born in a family with less economic resources, or simply are not enabled in activities that have more benefits, are at a disadvantage compared to the rest of the individuals. These inequalities end up generating inequalities in income distribution.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Which of the following is a disadvantage of a market economy? a. consumer satisfaction is lowb. it limits freedom for producers and ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
What two countries paid for the panama canal?
Answers (1)
On a vacation to China, you find yourself eating every meal at the local Burger King rather than buying a meal from one of the street vendors.
Answers (2)
A method for keeping track of transformations between kinetic energy and gravitational potential energy, introduced in this chapter, is: A. Credit-debit tablesB. Kinetic energy-versus-time graphsC. Energy bar chartsD. Energy conservation poolsE.
Answers (1)
Charm Co. owns a delivery truck with an original cost of $10,000 and accumulated depreciation of $7,000. Charm acquired a new truck by exchanging the old truck and paying $2,000 in cash.
Answers (1)
A recent study suggested that moderate wine drinking may actually benefit one's health. If this information leads to an increased demand for wine, we would expect A. both the price and quantity of wine sold to decrease. B.
Answers (1)
New Questions in Business
During the month of July, Clanton Industries issued a check in the amount of $767 to a supplier on account. The check did not clear the bank during July. In preparing the July 31 bank reconciliation, the company should:
Answers (1)
A bond will sell at a premium (above par value) ifA) the market value of the bond is greater than the discount rate of the bond. B) investor's current required rate of return is below the coupon rate of the bond.
Answers (1)
Which financial transaction is associated with the home rental process? a. down payment b. closing fee c. deposit d. taxes, tags, and title fees
Answers (1)
When a policyowner cash surrenders a Universal Life insurance policy in it's early years, this may be considered a red flag for
Answers (1)
Critical analysis Q8 When actual output exceeds an economy's full-employment output, how will the self-correcting mechanism direct the economy to long-run equilibrium? Prices will increase causing production costs, which will reduce aggregate supply.
Answers (1)
Home » Business » Which of the following is a disadvantage of a market economy? a. consumer satisfaction is lowb. it limits freedom for producers and consumersc. it does not provide for everyoned. it limits private property rights
Sign Up Forgot Password?