“Proponents of free-market economics believe that the market forces…

  

“Proponents of free-market economics believe that the market forces… “Proponents of free-market economics believe that the market forces of supply and demand, working without any government involvement, are the most effective way for markets to operate. One of the basic principles of free-market economics is that for just about any good that can be privatized, the most efficient means for exchange in the marketplace. A well-functioning market will allow producers of goods to come together with consumers of goods to negotiate a trade. People facilitate trade by creating a currency—a common unit of exchange—so they do not need to carry around everything they may want to trade at all times. As long as there are several providers or sellers of the same good, consumers can negotiate with them to find a price they are willing to pay. As long as there are several buyers for a seller’s goods, providers can negotiate with them to find a price buyers are willing to accept. And, the logic goes, if prices begin to rise too much, other sellers will enter the marketplace, offering lower prices.” What are some thoughts on this concept? Social Science Political Science POLI 20665

Don't use plagiarized sources. Get Your Custom Essay on
“Proponents of free-market economics believe that the market forces…
Just from $13/Page
Order Essay
  

Leave a Reply

Your email address will not be published.

Related Post

Graphic Organizer Completion Using the bubble map below, classify whether the following the disciplines are Pure Social Sciences or Applied Social…Graphic Organizer Completion Using the bubble map below, classify whether the following the disciplines are Pure Social Sciences or Applied Social…

  Answer The Following:Image transcription textGraphic Organizer Completion Usingthe bubble map below, classify whetherthe following the disciplin… Show more… Show moreImage transcription textPure Social Siences Disciplines to BeCategorized Economics PoliticalScience Counseling

READ MOREREAD MORE
Open chat
💬 Need help?
Hello 👋
Can we help you?