Both systems offer many benefits and many drawbacks however when dealing with a Market economy, it is a lot easier for an individual to carve its' own wealth or prosperity.
A Market economy has four main reasons why it is much better and more effective than a mixed economy. Firstly, This economy has a lot of economic freedom, because of the lack of government intervention. This reason allows a better chance for an individual to gain a higher standard of living and much better work wages.
Next, this system is much more effective due to the amount of price flexibility. This factor allows for most prices to raise and fall based on the current level of supply and demand. This is helpful and important in many cases for the private sector, because it avoids a tremendous profit loss when a product is no longer in a high demand.
Third, according to Chris Goff, Capitalism is what built America and provided its citizens the highest standard of living ever known to man. It benefits the people not the government, because of the economic freedom. The more each worker gets to keep of what they earn, the more money they have to spend and invest or create jobs to start businesses. This system is what gives us the greatest people, the greatest innovations and the greatest prosperity, and will help us appreciate capitalism.
Lastly, The biggest advantage that a market economy displays is the price chosen by a producer determined by the supply and demand in absence of any monopolistic influences. The decision of what to produce, for whom to produce and in what quantities is chosen by the market forces and not determined by the state.
Ultimately a Market economy allows everyone the opportunity to achieve the great dream of money and power. (La'Sarah-evette Patrice Motley).
A Market economy has four main reasons why it is much better and more effective than a mixed economy. Firstly, This economy has a lot of economic freedom, because of the lack of government intervention. This reason allows a better chance for an individual to gain a higher standard of living and much better work wages.
Next, this system is much more effective due to the amount of price flexibility. This factor allows for most prices to raise and fall based on the current level of supply and demand. This is helpful and important in many cases for the private sector, because it avoids a tremendous profit loss when a product is no longer in a high demand.
Third, according to Chris Goff, Capitalism is what built America and provided its citizens the highest standard of living ever known to man. It benefits the people not the government, because of the economic freedom. The more each worker gets to keep of what they earn, the more money they have to spend and invest or create jobs to start businesses. This system is what gives us the greatest people, the greatest innovations and the greatest prosperity, and will help us appreciate capitalism.
Lastly, The biggest advantage that a market economy displays is the price chosen by a producer determined by the supply and demand in absence of any monopolistic influences. The decision of what to produce, for whom to produce and in what quantities is chosen by the market forces and not determined by the state.
Ultimately a Market economy allows everyone the opportunity to achieve the great dream of money and power. (La'Sarah-evette Patrice Motley).