Reasons why people believe that the market system is the best method of allocating resources in an economy.

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Issue:

Business

 

Written by:

Leroy G

 

Date added:

April 22, 2013

 

Level:

University

 

Grade:

A

 

No of pages / words:

3 / 583

 

Was viewed:

759 times

 

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Essay content:

More over under this type of economic system, government interference in the economy is kept to an absolute minimum as emphasis is placed on the freedom of the individual. Thus in such a market it would be safe to say that a positive investment climate is more or less dependent upon the individual. Furthermore, resources are privately owned, and production decisions are made by private firms and individuals acting in their own interests in response to the price mechanism...
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More over under this type of economic system, government interference in the economy is kept to an absolute minimum as emphasis is placed on the freedom of the individual. Thus in such a market it would be safe to say that a positive investment climate is more or less dependent upon the individual. Furthermore, resources are privately owned, and production decisions are made by private firms and individuals acting in their own interests in response to the price mechanism...
displayed next 300 characters

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