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From course:

Economics A Level (DONEEEEEEE)

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Question:

What are the Flaws of Free Markets?

Author: eric_galvao



Answer:

-Market Economies can create Huge Inequality in Income. Can be seen as Unfair as people Unable to work would get 0 Income -Non-Profitable Goods may not be made as Firms may not be able to get a Profit: Little Incentive -Some Successful Firms can create a Monopoly and be the Only Supplier of the Product: can be Abused


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