Political Science, asked by aryangupta1404, 4 months ago

Free markets allow us to have more choices justify

Answers

Answered by LoveAman
10

Answer:

The U.S. economy is essentially a free market economy – an economic market that is run by supply and demand – with some government regulation. In a truly free market, buyers and sellers conduct their business without any government regulation, but there is a continuing debate among politicians and economists about how much government regulation is necessary for the U.S. economy

Those who want less regulation argue that if you remove government restrictions, the free market will force businesses to protect consumers, provide superior products or services, and create affordable prices for everyone. They believe that the government is inefficient and creates nothing but a big bureaucracy that increases the cost of doing business for everyone.

Those who argue that government regulations are necessary to protect consumers, the environment and the general public claim that corporations are not looking out for the public's interest and that it is precisely for this reason that regulations are required.

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Answered by anjalihemshetty
2

Explanation:

The free market is an economic system based on supply and demand with little or no government control. It is a summary description of all voluntary exchanges that take place in a given economic environment. Free markets are characterized by a spontaneous and decentralized order of arrangements through which individuals make economic decisions

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