d , 15Markets promote responsiven! ess - As enterprises operate on the law of supply and demand , producers turn up on what consumers wantMarkets promote flexibility - Aside from existence responsive to consumer demands , producers are also open to clean market trends and conditionsMarkets promote innovation - The desire for profit drives companies to come up with new products and function that get out ensure them a big market shareMarkets freighter deliver media exchangeable any early(a) product - Adovcates of the market model assert that without state obtain , mass media will also respond to consumer demand , come up with conk out innovations and will remain flexible and efficient - just like all other goods and services (Croteau Hoynes , n .d , 15DisadvantagesMarkets are tyrannic - Markets operate on a one-dollar-one-vote mechanics (Croteau Hoynes , n .d , 21 . The more silver a consumer has the more influence he or she has in the marketplaceMarkets produce unlikeness - Since markets use money as a medium of exchange , it is inevitable that the flush(p) will have greater approach shot to goods and services being soldMarkets are amoral - Markets sell whatever can be sold , whether or not what they selling will be harmful to societyMarkets do not necessarily equalize companionable ends - There are some services that society has to brook to its members , regardless of market forces (education , health , etc . If these services are left field to the priavte sector , they will only be operable to the moneyedThe earthly concern Sphere ModelThe public sphere model contends that markets cannot accost all of society s needs (Croteau Hoynes , n .d , 21 . This is because at that place are necessities that must be made accessible to everyone in society notwithstanding their purchasing power . The...If you want to obligate a full essay, order it on our website: OrderCustomPaper.com
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