The advantages of free market economy, Business Economics

There are many benefits to a free market economy. They range from the moral issues to the practical issues. We will deal mainly with the practical ones.


Unprecedented innovation - Free markets are wrought with inventions and the capital to research them. Countries classified as having a free market have been responsible for the vital majority of inventions since the 19th century.

Very high-income mobility - This means that under a free market system it is simpler to move around income brackets. It is just simpler to become rich or poor when you are left to your own devices as opposed to a controlled economy where resources.

 

Posted Date: 4/1/2013 2:37:46 AM | Location : United States







Related Discussions:- The advantages of free market economy, Assignment Help, Ask Question on The advantages of free market economy, Get Answer, Expert's Help, The advantages of free market economy Discussions

Write discussion on The advantages of free market economy
Your posts are moderated
Related Questions
Question 1 Part A - The following schedule shows the market for oranges. Use this data to answer the questions below. Provide full calculations for all your answers. (i)

QUESTION (a) Explain and evaluate the rational expectations theory. (b) What is the major argument of the supply side economists in relation to taxation policy? How is it di

The Concept of Equity is explained below: Equity represents that the principle of taxation which emphasizes fairness or just the sacrifice, which is everyone must pay the tax d

What is the Infant Industry argument? Several governments seek to protect involving industries by premature competition. Infant industries have potential comparative benefit b

What are the assumptions of Lewis? LDCs (Less Developed Countries) have two (dual) economies as: • Rural traditional economic and social practices, which overpopulated, s

MBA Economics Assignment Question 1: Many analysts in both developed and developing worlds have heavily criticized the cases of monopolies. Discuss using relevant examples whether

A. The correct duopolistic firm equilibrium o/p and price B. Equilibrium profit

CHALLEGES FACING BUSINESS ORGNIZATION

Change in Currency Rate Change in the sterling currency rate has also great consequences because it depends upon the sterling currency rate to the other countries as well. As