Question

Sort the tiles to indicate the advantages and disadvantages of the U.S. free market system.


1. Competition can lead to

inequality of income and wealth.


2. Competition leads to better

products for consumers.


3. Economic rewards encourage

worker productivity.


4. The possibility of making a profit

encourages entrepreneurs

to start businesses.


5. Government's limited role can allow

economic downturns to become worse.


Label each one disadvantage or advantage, correctly.

Answer 1

Analyzing each tiles as advantages and disadvantages in relation to the US free market system, we have the following results:

1. Adavantage and Disadvantage
2. Vantage
3. Vantage
4. Vantage
5. Disadvantage

What is the free market?

Corresponds to an economic exchange system where there is less government control in relation to taxes, quality control and economic interventions, facilitating the expansion of private property and industry.

Although the free market generates profitability, development and business incentives, it can increase inequality by generating a concentration of resources for a small portion of the population.

Therefore, a free market economy is determined by the law of supply and demand, and government intervention in the development of the economy is more complex.

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