According to the Houston Chronicle, advantages of a free market economy include freedom of innovation and the ability of customers to drive choices in addition to disadvantages such as the danger of the profit margin and... More »

Mixed economies essentially create a balancing act between the private sector and government: these economies allow governments the opportunity to step in to correct market failures, but sometimes draw criticism for enab... More »

Historically, no nation has ever had a completely authentic free-market economy. In this sense, it is purely a theoretical concept. However, given contemporary usage by economists and other specialists, such as those at ... More »

According to resources on the Pierce College website, the price or market system creates advantages of economic freedom. It also lowers costs. The disadvantages include instability, monopolistic control and income inequa... More »

The advantages of niche marketing are focusing on more profitable market segments, ability to establish solid relationships with members of a market segment and increased return on investment for marketing dollars. Disad... More »

According to the World Trade Organization, the chief advantage to importing products is an increase in market choices. With the importation of products, local markets can improve the variety of their offerings, providing... More »

Advantages of a traditional economy include knowing people's role in the economy and producing goods to help people survive; disadvantages include a lower standard of living and an increased vulnerability of all concerne... More »