State the disadvantages of controlled market.

      

State the disadvantages of controlled market.

  

Answers


Winnie
A private market economy maybe quite unstable, eg, unemployment


Business may simply satisfy the wants they have created through advertising

Monopolistic industries may restrict output and drive up prices

Market economies tend to produce a skewed distribution of income
Wincate 1 answered the question on October 12, 2017 at 08:10


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