What are the advantages and disadvantages of a free market economy? Competition in the marketplace provides the best possible product to the customer at the best price. Economic Systems The way a country. MARKET ECONOMY (also called FREE ENTERPRISE ECONOMIES or CAPITALIST ECONOMY). Free market economies can’t provide public goods. 1.1.2 Advantages of Market economy 1.1.2.1 Free to buy. It's a Free Market Economy, Man. Critics of a free market economy claim the following disadvantages to this system. A regulated economy provides the following advantages.
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December 2016
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