The Advantages And Disadvantages Of A Market Economy.
The Advantages and Disadvantages Of A Market Economy.
27/9/96 Command and Market economies Neil Samtani
When considering the advantages and disadvantages of command and market
economies, you may notice that they are usually straight forward, yet, both
advantages and disadvantages may merge at times, resulting in an unclear issue,
that could be debatable whether it is for the good of the society, or for the
government. Therefore, what I am trying to say, is that no matter how hard you
try, it is always impossible to debate on which economic system is better. Both
have their good points and their bad, but, each is aimed towards a community
that will make use of it. This community has usually got a majority of people
either rich or poor, and, social class usually effects the way people may choose
their government.
In a market economy, the advantages are normally aimed towards the
middle/upper class in a community. This is why we normally find them in richer
communities (i.e. England, USA). The concept of a market economy is to allow
people to get through life by themselves. Government usually does little to
change the economy, and, the control is given to the people with the money, or,
rather, the people with the businesses. The main people in such an economy are
usually the consumers, the producers, the owners of private property, and, the
government. These are the people with the power. The whole system revolves
around private gain rather than the interests of everyone in a community. Since
the rich are in control of the economy, their decisions result in the rich
getting richer and the poor getting poorer. This is a perfect example of what I
mentioned before, which is the way that you can not categorise all statements.
This would be an advantage for the rich, but, a disadvantage for the...
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