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Free Markets are a way of connecting people who may mutually benefit by exchanging goods and services through a process of buying and selling
Free Markets are a way of connecting people who may mutually benefit by exchanging goods and services through a process of buying and selling.
a) Identify a local/global problem that might be caused by an economic policy that is based on the belief that free markets deliver the best economic and social outcome for society.
b) Identify an economist who agrees that in general free markets are a desirable way of organizing economic and social activity. Identify another economic concept that this Economist supports. Discuss how this economic concept can help you improve your life or society.
Expert Solution
A free market is a form of a market economy where prices for goods and services are freely set between sellers and buyers by consent.
Detailed notes about local/global problems, Economist and concept .
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