Growth in Free Market Economy is achieved because a free market can allocate resources much more efficiently than can a controlled economy. Also the free market has a profit/loss price mechanism whereas a controlled economy does not. This sets the controlled economy up for what is called the economic calculation problem, in which the command economy does not know which way to best allocate resources, since the only way you can find this out is through a price mechanism in which your guide is the profit/loss system, instead of arbitrary guesses by bureaucrats. It is also because a free market allows for private property rights, which eliminates the problem known as the tragedy of the commons.
what does the free market economies benefits to owners
False
absolutism
The free market provides people with the goods they want at the price they are willing to pay. -or- Free-market economies result in a very unequal distribution of wealth.
Free market economies stimulate greater economic growth in various ways. Such a market is able to integrated the demand and supply which makes the economy interactive and more productive.
what does the free market economies benefits to owners
False
absolutism
The free market provides people with the goods they want at the price they are willing to pay. -or- Free-market economies result in a very unequal distribution of wealth.
Free Market
Free market economies stimulate greater economic growth in various ways. Such a market is able to integrated the demand and supply which makes the economy interactive and more productive.
The law of supply.
Free Market Economies
Market Oriented , Capitalism and free
Free market economies
Under a free market
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