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Example markets do not provide answers for some of societys needs such as the need for defense, education, and fast transportation routes.

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12y ago

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Is USA an example of a free market system?

yes it is


What satisfies peoples needs in the US economic system?

Free market .


Why does even a free market economy need some government intervention?

Even a free market economy needs government intervention to provide for things that the marketplace does not address.


How did the growth of cities and towns in the colonies lead to the development of an free-market econonmy?

Meeting needs through trade allowed free-market economies to develop in these towns.


What happen now in free market economy?

The market where their is no entry or exit bariers one country easily transact with other countries without tariffs and trade.


Why is a free market a type of market failure?

In a free market, there is profit to be made by making the free market not a free market. Therefore, a completely free market destroys itself.


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Why the free market system brings efficiency as freedom?

According to economists, the free market system brings efficiency because customers are free to buy from whatever company they want to buy from. That's also an example of freedom of choice.


Why does even a free enterprise market economy need some government intervention?

Even a free market economy needs government intervention to provide for things that the marketplace does not address.


How can specialization benefit both buyers and sellers in a free market economy?

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.


Explain why the free market system brings efficiency as well as freedom?

According to economists, the free market system brings efficiency because customers are free to buy from whatever company they want to buy from. That's also an example of freedom of choice.


What is the opposite of free market?

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