4. Is the free-market system fair to everybody? Do you think it's fair to you? Give at least one example showing how the system is fair and at least one showing how it's not fair. Explain why these result from the free-market system.
Answers
Answered by
10
Explanation:
A positive thing is that it encourages development and innovation because the people choose what they want to do with their money and where they will invest. A drawback is that if the market goes out of control, things like cartels, monopolies, and trusts, can be established by rich people, or even worse, a recession might ensue.
Answered by
4
In my opinion free market is fair and also to people mostly those involve in different businesses.
Explanation:
- In nature free market is always considered fair and people can trade to different places on their own free will.
- Most parties that get involve in trading consider the trade of money in exchange for a service or a product one may need.
- However free market is also unfair in situation where government passes regulation and laws and as a result they will favor some people and some will be left out.
To learn more
Explain circumstances where in which market do not work in a fair way?
brainly.in/question/1074340
How can laws ensure that market work in a manner that is fair?
brainly.in/question/2678531
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