Question

what is one significant advantage of a market economic system?○ it guarantees employment for all citizens.○ it insures equality for all citizens.○ it promotes competition and innovation.○ it allows government control of industries.question 16 0.16 ptswhich economic system promotes guaranteed social welfare alongside free market principles?○ market or capitalism○ mixed or socialism○ command or communism○ command or fascism

Explanation:

For the first question: Market economic systems rely on private ownership and voluntary exchange, which drives businesses to compete for consumers, spurring innovation to gain an edge. Guarantees of employment/equality and government control are not features of a pure market system.
For Question 16: A mixed economic system combines free market principles (private enterprise, competition) with government-run social welfare programs to support citizens. Pure market systems lack guaranteed welfare, while command systems do not prioritize free market principles.

Answer:

1. It promotes competition and innovation.
2. Mixed or Socialism