Sharie Sommerville: The only foreseeable disadvantage to a free market economy is that it can sometimes be inconsistent. But this is only in line with the will of the people if it is to be an absolute free market. Demand and the will of the people would cause the fluctuations to occur. The main ways you get monopoly's are threw government intervention (alteration of free market by government design) which will have the inverse effect of destroying competition and thus creating an imbalance within the free market no longer allowing it to remain competitive. In a theoretical sense I suppose it could be a downfall if the free market we're to be come so efficient it would eliminate the need for jobs all together and thus render the entire population unemployed threw the extreme Development of robotics. But that could also be looked on as a good thing too as we would be able to do other things rather than work all the time. As I see it though there really are no disadvantages ! to a free market economy so long as it remains a competitive FREE market. When you get government intervention and laws that eliminate competition in the spirit of being fair then you destroy a free market economy....Show more
Jerald Florence: This is a loaded question, 'Free Market' is extremely difficult to define in a way everyone can agree with. If any company or group of companies becomes so great it dominates the market (i.e. Google, Microsoft, Coca-Cola) is it still a free market (with competition)?
Janita Tetlow: A free market can allow businesses to monopolize a certain industry. The entry fees into the market are increased, which basically turns away all of their competition. Thus the market would not be free.Interesting dichotomy.
Raul Tllo: ONE disadvantage to the Obama/Pelosi Socialist State.... DEATH!
Frederick Mccoach: This could lead to a monopoly, or a depression
Willie Tun: It may lead to redundancies e.g two railway firms set! ting up separate rail lines, and leaving lots of capacity unus! ed.Central planning also makes large-scale decision making easier. In a free market, a truly huge projuct would need lots of negotiations, market research, partners, financial backers et.cThird (This bonus is for those ten points.), if you have no marketable skills, you're doomed to a materially deprived existence. Sorry, but no safety net...Show more
Tosha Tawney: Neither. historical past proves that our financial equipment grew to an business superpower, an exporter, and a creditor usa by using the fact of cost lists on imports. seem up the Tariff of 1828. The slave states hated cost lists, by using the fact the slave states have been exporter states from the slave exertions, and exporters are harmed via putting cost lists on their imports. The northern unfastened agency states have been importers in the previous the Civil warfare, and importers desire cost lists on imports to guard their spouse and infants marketplace from overseas opposition. The northern states o! utvoted the southern states on cost lists. That brought about the Civil warfare. We grew to alter into an exporter usa in 1880, and a creditor usa in 1914. by using the sales from cost lists, we did no longer even have an earnings tax till 1913. in the previous that, earnings taxes have been unconstitutional. this is why Congress exceeded the sixteenth substitute in 1913. We had substitute into an exporter usa, and exporters are harm via cost lists. this is why we mandatory to shift from cost lists to earnings taxes on the turn of the century. We grew to alter right into a wealthy usa by using the fact of cost lists, no longer unfastened commerce, and not vital making plans. right this moment, a unfastened marketplace isn't possible by using the fact China is a protectionist exporter. They restrain unfastened commerce, and the ecu purely positioned a tariff on chinese language imports, with finished WTO approval. China is now getting a flavor of explanation why exporters sh! ouldn't have protectionism. we are fools if we predict of we could have! unfastened commerce jointly as China is a protectionist exporter. this is why our commerce deficit is skyrocketing and we are a extensive debtor usa. The madness of unfastened commerce in the present situations is explanation why our financial equipment has collapsed....Show more
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