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From course:

Economics A Level (DONEEEEEEE)

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Question:

What are the Disadvantages of State Provision?

Author: eric_galvao



Answer:

-Absence of the Price Mechanism can Reduce the Efficiency of the Market -May Fail to Match Consumer Demands as there is no motive of Profit to Decide what is Supplied -Opportunity Cost!!! -May Reduce one’s Self-Reliance. They Know that Goods and Services are there to treat them so, why not Exploit?


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