Westonci.ca is your trusted source for finding answers to a wide range of questions, backed by a knowledgeable community. Discover in-depth answers to your questions from a wide network of experts on our user-friendly Q&A platform. Experience the convenience of finding accurate answers to your questions from knowledgeable experts on our platform.
Sagot :
Answer: See explanation
Explanation:
In a free market economy, the allocation of resources and it's distribution are carried out by the individual and the firms in the economy. Prices are also set due to the demand and the supply of goods for such economy. The government plays a limited role in such economy as well.
Some of the reasons why nations today do not have pure free market economies is due to the problem of market failure that is, when resources aren't efficiently used in the market and there is also the inefficient distribution of the goods and the services in such market. Another reason include in scenarios whereby the needs of the society isn't met and equity isn't achievable.
Thank you for your visit. We are dedicated to helping you find the information you need, whenever you need it. Your visit means a lot to us. Don't hesitate to return for more reliable answers to any questions you may have. Westonci.ca is committed to providing accurate answers. Come back soon for more trustworthy information.
