In capitalist societies, there is often great inequality between the owners of Similarly, a free-market economy will under-provide goods with. Free market economies allow business owners to innovate new ideas, develop new products and offer new services. Entrepreneurs need not depend on. Because free markets reduce cost and minimize red tape, they lead to more innovation via research and development. Entrepreneurs do not have.
Related VideosDisadvantage: Limited Product Ranges Sine businesses are free to pursue profit in whatever way why free market capitalism is good please, goods and services that are not profitable generally will not be produced. There are no better alternatives. If governments own the means of production and set prices, it invariably leads to a powerful state and creates a large bureaucracy which may extend into other areas of life. Firms with monopsony power can pay lower wages to workers. In many cases, companies may sacrifice worker safety, environmental standards and ethical behavior to achieve those profits.
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