strength: NO restrictions on buyers & sellers because no government is in control which means more freedom to met people needs and wants. weakness: This will allow one business and a person to become way to powerful.
strength: You have to right to control your business but need some government help or needed restrictions ex: personally controlling your club they you want but the government has to approved your liquor licence. Weakness: In some business the government can start to control more than necessary and it becomes less flexible
Strengths: Access to valuable resources, also most importantly their are many jobs for people which job shortage won't be a issue. Weakness: No personal advancement for workers, less flexibly, react to slower to change and centralized power to control a large part of economic activity.
Strengths: Less waste, revolves in farming Weakness: relies on individuals which shows no divisions in labor and can cause lack of resources also non-capable of generating the same amount of out put