Ask Question
Social StudiesSocial Studies
29 August, 19:44

Why would a completely free market economy not be a practical one for any major country?

+3
Answers (1)
  1. 29 August, 20:04
    0
    A completely free market would mean that all the services would be provided only according to supply and demand, and this has some drawbacks:

    For example, some parts of the economy should have different standards than prize, and these are education, infrastructure and health. In a completely free market, the buyers would for example be tempted to buy the cheapest bridge, but the cheapest bridge might be actually too dangerous to drive on it.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Why would a completely free market economy not be a practical one for any major country? ...” in 📗 Social Studies if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Southern democrats supported john c. breckinridge because they disliked stephen douglas's concept of:
Answers (1)
Which is one reason the constitution divides powers between the federal government and state governments
Answers (2)
Define discretionary authority and give two exampels of how
Answers (1)
Upon receiving the news from Jerusalem by his brother, Nehemiah immediately approached King Artaxerxes. True False
Answers (1)
When Seb reconciles his accounts, what is the first step he should take? O Compare his records and his statement. O Examine his statement to check for errors. O Confirm his records are accurate and include all transactions.
Answers (2)
New Questions in Social Studies
Which of the following statements is true? a. Certain gestures-a thumbs-up, for example-mean the same thing everywhere. b. There are six basic facial expressions that vary between cultures. c.
Answers (1)
What is the name of the series of islands off the coast of south florida?
Answers (1)
In "Globalization of the Local/Localization of the Global" author Amrita Basu argued that transnational women's movements have been less successful when mobilizing for economic issues and more effective when the basis for mobilization is sexual
Answers (1)
What was the Townshend Acts
Answers (1)
Which system of government shares power between a central and regional government? A: federal B. Unitary C: confederation
Answers (1)
Home » Social Studies » Why would a completely free market economy not be a practical one for any major country?
Sign Up Forgot Password?