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The Advantages And Disadvantages Of A Market Economy. - Online Term Paper

The Advantages And Disadvantages Of A Market Economy.

When considering the advantages and disadvantages of command and market
economies, you may notice that they are usually straight forward, yet, both
advantages and disadvantages may merge at times, resulting in an unclear issue,
that could be debatable whether it is for the good of the society, or for the
government. Therefore, what I am trying to say, is that no matter how hard you
try, it is always impossible to debate on which economic system is better. Both
have their good points and their bad, but, each is aimed towards a community
that will make use of it. This community has usually got a majority of people
either rich or poor, and, social class usually effects the way people may ...

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the producers, the owners of private property, and, the
government. These are the people with the power. The whole system revolves
around private gain rather than the interests of everyone in a community. Since
the rich are in control of the economy, their decisions result in the rich
getting richer and the poor getting poorer. This is a perfect example of what I
mentioned before, which is the way that you can not categorise all statements.
This would be an advantage for the rich, but, a disadvantage for the poor.
However, governments may also affect the situation, resulting in the rich
getting richer, and, the poor managing to stay alive.
The entire idea of the market economy is freedom. The freedom for people
to do what they want, make what they want, and, sell what they want (to a
certain extent). This can also be described as being able to decide WHAT is
going to be produced (what products), HOW it is going to be produced
(organisation, etc.) and FOR WHOM it is going to be ...

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The Advantages And Disadvantages Of A Market Economy.. (2006, June 21). Retrieved December 23, 2024, from http://www.essayworld.com/essays/The-Advantages-And-Disadvantages-Market-Economy/47895

"The Advantages And Disadvantages Of A Market Economy.." Essayworld.com. Essayworld.com, 21 Jun. 2006. Web. 23 Dec. 2024. <http://www.essayworld.com/essays/The-Advantages-And-Disadvantages-Market-Economy/47895>

"The Advantages And Disadvantages Of A Market Economy.." Essayworld.com. June 21, 2006. Accessed December 23, 2024. http://www.essayworld.com/essays/The-Advantages-And-Disadvantages-Market-Economy/47895.

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PAPER DETAILS

Added: 6/21/2006 04:59:59 AM
Category: Economics
Type: Premium Paper
Words: 831
Pages: 4

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