The greatest disadvantage of an oligopoly is that it can reduce the number of choices for the consumer. This lack of choice can result in consumers being forced to use products or services they do not find satisfactory. More » World View Social Sciences Economics

A collusive oligopoly is an economic structure consisting of only a few producers, who typically form secret cooperative policies that aim to dominate a certain market, influence product-pricing and dictate market shares... More »

Monopolies and oligopolies have a direct impact on the prices of goods, which affects economies. They also indirectly have an impact on the job market as a result of their control over pricing. More »

The main of advantage of free trade is lower prices for consumers, while a disadvantage is that domestic firms often find it difficult to compete with large international firms. More »

A command economy can be advantageous by eliminating unemployment but can also be a disadvantage by producing unnecessary products. A command economy is when the government owns all or most aspects of the economy. The go... More »

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 »

The advantages of a monopoly include reducing resource waste, improving efficiency due to better investments, providing discounts to the economically weak and investing in research and development; some disadvantages inc... More »