What would happen if you organized more of the economy with guilds. What would happen if you organized more of the economy with markets.

What would happen if you organized more of the economy with guilds.

The economy could result in higher levels of specialized knowledge within the guilds, but the problem is that the economy would be more closed. The guilds keep some workers out, and this would distort not ony the labor market, but also the production of goods and services.

What would happen if you organized more of the economy with markets.

Markets have shown to be the most effective way to organize the economy. The free exchange of goods and services among producers and consumers, through the forces of supply and demand, promotes the efficient distribution and use of economic resources.

More markets would likely make the economy more efficient and productive, meaning that the living standards of people would increase.

the answer is: a greater percentage chance of loss

high risk investments had the characteristic of higher percentage of great return accompanied with higher percentage chance of loss.

this type of investments usually only suitable for investors that have enough capital to survive in case one or more of their investments fail. examples of high-risk investments are stocks and currencies.