![Problems associated with “Laissez faire” system of economic organization Problems associated with “Laissez faire” system of economic organization](https://digitalteachers.co.ug/wp-content/uploads/2021/10/Bbosa3-1973x2048-1.jpg)
Problems associated with “Laissez faire” system of economic organization
- Consumer’s ignorance/exploitation
- Misallocation of resources
- Instability in economy
- Limited initiative to provide public goods
- Unemployment
- Income inequality
- Existence of monopolies
- Over exploitation of resources
- Inadequacy to match with structural changes
CATEGORIES Economics
TAGS Dr. Bbosa Science