Question

Which of the following is a disadvantage of free market economies?

Consumers receive the goods and services they need.
Many products are provided in an attempt to meet the demands of consumers.
Some consumers are not paid fairly and equally.
Public services are available to all members of society.

Answer 1

Some consumers are not paid fairly and equally, and public services are not available to all members of society in a free market economy.

Step-by-step explanation:

A disadvantage of a free market economy is that some consumers are not paid fairly and equally. In a free market, wages are determined by supply and demand, and there is no guarantee of fair compensation for all workers. This can lead to income inequality and exploitation of certain groups.

Another disadvantage is that public services are not available to all members of society. In a free market, the provision of public services such as healthcare and education may not be accessible to those who cannot afford them.

While a free market economy allows consumers to receive the goods and services they need, it does not necessarily guarantee fair wages or equal access to public services.

Learn more about Disadvantages of free market economies