With a market economy, individual can get lower price and much more choice which is a direct result of competition.
In a free market economy, specialization benefits buyers by meeting individual needs. Specialization benefit sellers by creating a sector that is not profitable for big business.
Happiness
Individuals in the mixed economy(laissez-faire economy) are free because they are free to choose what they want to do.
individual choice
The government must prevent consumers from being coerced.
In a free market economy, specialization benefits buyers by meeting individual needs. Specialization benefit sellers by creating a sector that is not profitable for big business.
Happiness
Happiness
are the benefits do people
Individuals in the mixed economy(laissez-faire economy) are free because they are free to choose what they want to do.
individual choice
The government must prevent consumers from being coerced.
The shape of the marginal social benefit curve in a market economy is determined by factors such as consumer preferences, externalities, government regulations, and the availability of substitutes.
how old are you, 4! you can answer it! uh. no. that's not the answer. its benefit maximazation.
The benefit of a market economy is that people are free to make their own preferences on what products or services to obtain. The problem is that the costs for the production are not paid by the supplier at all times.
That’s what those who benefit from capitalism want you to think. In reality there is no free market, due to state interference in the economy.
-free market economy and a system based on the principle of individual rights