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A free market system ensures fairness by promoting competition. In a free market, businesses compete with each other to provide the best products or services at the most competitive prices. This competition benefits consumers as they have a wider range of choices and can choose the product or service that best meets their needs and budget. Additionally, in a free market, success is determined by the market, not by government intervention or favoritism. Therefore, anyone with a good idea and the willingness to work hard has the opportunity to succeed.
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Economics can be intimidating to the person who is not well-versed in business and mathematics. This book caters to the “layman” by breaking down the...
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When any government is too involved in the free market, it becomes not so free. The government is already the taxer of the income of corporations and its individual citizens. Additionally, if they become allowed to control how businesses make their money, as well, then that would be called communism. This type of system does not work because it is not progressive enough for a growing economy. The market must be competitive for it to thrive and meet the supply of demand. But some argue that it is an unfair system, rigged only for the few to survive.
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