Disadvantages of these Market Structures

Disadvantages of these economies. *Yes, the IB are pessimistics and more often than not ask for the faults of market structures than the benefits*

Free Market Economy	Planned Economy
over provision of demerit goods (high prices and profits - more in market failure)	there will be misallocation of resource (shortages and surpluses exist) as production, investment and trade are too complicated to plan, it is also difficult to predict consumer spending patterns
under provision of merit goods (only for those who can afford them)	the lack of price systems causes inefficiency
unsustainable development (resources used too much, environment polluted as they want to minimise costs and maximise profits)	lack of incentives (guaranteed employment and no share of profits) would mean output and quality suffers
poor people wouldn't be looked after (orphans, sick and unemployed would suffer more)	government control leads to loss of freedom and of choice
large firms can monopolise, leading to inefficiency and high prices	government may not share

Sorry about the messy table, but my html manipulation skills are limited.