What does a market do poorly?

Question

Quizplus · Accepted Answer

Market does not promote equal income distribution. In fact, market forces often widen the income gap between different segments of society. This is because the market rewards individuals based on the value they provide, which can be unequal due to differences in skills, education, and other factors. The market also responds to supply and demand, which can drive up the wages of certain professions or skills in high demand, while leaving others behind. Therefore, achieving income equality requires policies and interventions that go beyond the market mechanism.

What Does a Market Do Poorly