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according to the video, what is a major disadvantage of a market econom…

Question

according to the video, what is a major disadvantage of a market economy?
this question is worth 10 point(s)
income inequality
no motivation for innovation
lack of consumer choice
overregulation

Explanation:

Brief Explanations

In a market economy, resources and rewards are distributed based on market outcomes, which often leads to a gap between high-earning individuals/groups and those with lower incomes, making income inequality a key disadvantage. The other options are incorrect: market economies encourage innovation via profit incentives, offer extensive consumer choice, and are characterized by less (not over) regulation compared to planned economies.

Answer:

A. Income inequality