One of the Disadvantages of a Market-Directed Economic System Is

question 81

True/False

One of the disadvantages of a market-directed economic system is that it does not operate automatically and requires careful government oversight.

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Definitions:

Internet Channel

Digital platforms and networks that facilitate online marketing, sales, and communication between businesses and consumers.

Traditional Store-based

Pertains to physical retail outlets or stores where customers can shop for and purchase goods in person.

Extreme-value Retailer

A type of retailer that sells products at prices significantly lower than those of competitors, often in a no-frills shopping environment.

Target Customer

The specific group of consumers identified as the intended recipient of a product or service, based on shared characteristics or needs.