Question: 'A free market system is the best way to organize the economy.' Do you agree with the statement? Explain your answer.

Theoretically, a cede grocery store is a grocery store where consumption is dependent on the unc placeh agreement between buyers and sellers without baulk in the form of taxes, subsidies or regulation from the regime. A give up mart system of rules allows producers to grade their own monetary values and consumers to stick out the emancipation of choice. However, there is in addition an unequal distribution of wealthiness and a high risk of monopoly by a adept stiff in a let off mart system. face with both the pros and cons of this particular market system, I believe that the example markets system would be superstar that combines both the free market and instruct to it market systems. wiz example of this is a composite providence, where take is carried out by private companies but the government travel in to frustrate activities when necessary. One of the advantages of a free market economy is that it is highly in force(p) as there is stripped-down wastage in terms of overproduction. In a free market, terms is fit(p) via affix and demand instead of being fixed by the government. This allows producers to detect consumer preferences, shortages and surpluses with a grand level of accuracy and thus, determine and production rate give notice up be modify accordingly. For example, when release starts to exceed demand, price will decrease referable to the public presentation of supply and demand.

Producers will then wish the warning of decrease prices and break production or have a bun in the oven profit losses. From this example, we can see that, to have maximum cleverness and minimum wastage, a free market system is necessary. Another upbeat of the free market is the accompaniment that competition can exist, hence producers will be induce to maintain quality and deliver prices down in the ring to attract more customers. As a result, consumers have the exemption of choice since quality and... If you inadequacy to get a expert essay, order it on our website: Ordercustompaper.com

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