Which is a disadvantage of a market economy?

Question

There is no freedom of economic choices.

A variety of goods and services is not available.

The government assigns workers a job.

Government-sponsored public services are not offered.

Answer 1

The disadvantage of a market economy among the options provided is:

Government-sponsored public services are not offered.

In a market economy, the focus is on individual entrepreneurship and private ownership, which can lead to an under-provision of public goods and services that are typically funded and managed by the government. This can result in issues such as inadequate healthcare, education, and infrastructure if they rely solely on private enterprise.