Last Updated 20 Apr 2022
The freer the market- the freer the people. Do you agree or disagree
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A free market implies minimal state interference, so prices are determined by demand. It has both advantages and disadvantages. Product quality is a key factor in competitiveness, and manufacturers have to innovate for adapting to customers' preferences. The free market makes the shortage of goods impossible because demand creates supply. On the contrary, this type of trade is exposed to economic downturns and instability. The statement "the freer market, the freer people" is not entirely correct, even though it seems the opposite at first glance. The free market does not provide all able-bodied people with work. Only those whose profession is in demand have a job; therefore unemployment increases, and social responsibility and social support of the population declines.
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Order custom essay The freer the market- the freer the people. Do you agree or disagree with free plagiarism report A free market implies minimal state interference, so prices are determined by demand. It has both advantages and disadvantages.
It depends exactly how you understand “free market”. If, as is usually believed when this statement is articulated, free markets entail no real interference with endowment sets (i.e. No redistributive taxation) then I definitely do not agree. In fact, I strongly disagree!
It depends on what you mean by Freer. This is a capitalist phrase and it means that the people have economic freedom.The are free to buy, sell good with no regulation or restriction. This is absolutely wrong in so many ways.When you give markets freedom to buy and sell whatever they want, the society gets unbalanced.
The free market makes the shortage of goods impossible because demand creates supply. On the contrary, this type of trade is exposed to economic downturns and instability. The statement "the freer market, the freer people" is not entirely correct, even though it seems the opposite at first glance.
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