The arguments in favor of a free market system include the belief that it promotes competition, which in turn encourages innovation and efficiency among businesses. It also allows for the law of supply and demand to naturally set prices, leading to a more balanced and fair economy. Furthermore, a free market system minimizes government intervention, preventing the potential for corruption and misuse of power. Lastly, it provides more choices for consumers, as businesses strive to meet their varying needs and preferences.
Economics can be intimidating to the person who is not well-versed in business and mathematics. This...
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