I. 🍃Introduction
- Definition of market forces
- Importance of understanding the pros and cons of market forces

II. Why market forces might be beneficial
- Profit incentive and competition may increase efficiency
- Wage differentials may encourage effort
- Price may be low and quality high
- Country's products may be internationally competitive
- Economic growth may be high
- Consumer choice may be high
- Consumer sovereignty may be high

III. Why market forces might not be beneficial
- Risk of market failure
- Public goods will not be provided
- Demerit goods are overconsumed and merit goods are under-consumed
- Problem of pollution and other external costs
- Unemployment may be high as lack of co-ordination
- Some countries may lack the support structures e.g., legal system to enforce property rights to allow market forces to work efficiently
- Monopolies can be created

IV. 👉Conclusion
- Summary of the pros and cons of market forces
- Importance of balancing market forces with government intervention
- Final thoughts on the role of market forces in a modern economy.