Ask Question
BusinessBusiness
26 September, 23:48

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. 27 September, 02:55
    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?
Get 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 there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
In 1981 the average tuition for one year at a certain state school was $1,800. Thirty years later, in 2011, the average cost was $13,700. What was the growth rate in tuition over the 30-year period?
Answers (1)
A. patel is single and gives each of his six grandchildren $30,000 this year. patel's gift tax exclusion is
Answers (1)
Common allocation bases are a. direct labor dollars, direct labor hours, and machine dollars b. machine dollars, direct labor dollars, and direct labor hours c. direct labor dollars, direct labor hours, and machine hours d.
Answers (1)
Waterway Company reports the following financial information before adjustments. Dr. Cr. Accounts Receivable $145,600 Allowance for Doubtful Accounts $3,350 Sales Revenue (all on credit) 834,000 Sales Returns and Allowances 53,540 Prepare the
Answers (1)
Janice, age 22, is a student who, in 2018, earns $10,000 working part-time at the college ice cream shop. She has no other income. Her medical expenses for the year total $3,000.
Answers (1)
New Questions in Business
Stock prices are determined in the financial markets. Management's primary goal is to maximize the firm's stock price, so financial managers need to understand how these markets operate in order to make good decisions.?
Answers (1)
The World Trade Organization (WTO) has an important role in international trade. From the list below, select all statements about the WTO that are true. It is possible that more than one statement is true. 1.
Answers (1)
On October 1, 2019, Donna Equipment signed a one-year, 8% interest-bearing note payable for $50,000. Assuming that Donna Equipment maintains its books on a calendar year basis, how much interest expense should be reported in the 2020 income
Answers (1)
All of the following are capital assets with the exception of A. equipment used in a trade or business. B. corporate stock held for investment. C. personal residence. D. a Rembrandt painting held in a private collection.
Answers (1)
Assume a firm has $450 million in operating profit. The firm's tax rate is 40%. What is the tax shield of the firm's $38 million in debt that charges a 10% interest rate?
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?