Which one of the following arguments can be used in favor of the market economy?
Which one of the following arguments can be used in favor of the market economy?
مارکیٹ کی معیشت کے حق میں مندرجہ ذیل میں سے کون سی دلیل استعمال کی جا سکتی ہے؟
Explanation
Full employment is seen as the ideal employment rate within an economy at which no workers are involuntarily unemployed
Advantages of this market system include:
- efficient resource allocation
- competition
- innovation
- and product variety.