Question

explain free market vs state intervention​

Answer 1

Explanation:

In a free market, inequality can be created, not through ability and handwork, but privilege and monopoly power. Without government intervention, firms can exploit monopoly power to pay low wages to workers and charge high prices to consumers. ... Government intervention can regulate monopolies and promote competition

Answer 2

Answer:

In a free market, inequality can be created, not through ability and handwork, but privilege and monopoly power. Without government intervention, firms can exploit monopoly power to pay low wages to workers and charge high prices to consumers. ... Government intervention can regulate monopolies and promote competition.

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