The Four Frames. The Structural Frame. Bolman and Deal (1997) have sorted insights drawn from both research and practice into. four major perspectives, or frames, to make sense of organizations, each having their own. image of reality. The first frame, the Structural Frame, highlights the structural aspects of.
Advantages of Market Economy. Since it follows the basic principle of economics which is price determination through supply and demand without any external intervention, it is the most simplistic economic system among all other economic systems.
In practice, there is no such thing as a pure market economy because that would mean there would be no taxes on economic activities or government regulation of economic activities at all. Advantages of a Market Economy. A market economy has several advantages: Competition leads to efficiency because businesses that have fewer costs are more competitive and make more money. Innovation is encouraged because it provides a competitive edge and increases the chance for wealth.