Answer: Hi there
The Advantages and disadvantages of free market economy are as following
The lack of government control allows free market economies a wide range of freedoms, but these also come with some distinct drawbacks.
Advantage: Absence of Red Tape
Advantage: Freedom to Innovate
Advantage: Customers Drive Choices
Disadvantage: Limited Product Ranges
Disadvantage: Dangers of Profit Motive
Hope this helped
:D
