Advantages of free market economy
Give the best advantages of free market economy?
Expert
There are many advantages to a free market economy . These are the perfect choice from the moral issues to the practical issues. We only deal mainly in practical ones.
Unprecedented innovation - Free markets are wrought with inventions and the capital to research them. Countries ordered as having a free market have been responsible for the vast majority of inventions since the 19th century.
Very high-income mobility - This means that under a free market system it is easier to move around income brackets. It is very easy to become rich or poor when you are left to your own devices as opposed to a controlled economy where resources are allocated by the government.
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Rent controls set under equilibrium tend to cause: (w) simpler access to affordable housing. (x) apartment construction to boom. (y) the quantity and upkeep of rental units to fall. (z) less racial discrimination within housing. Discover Q & A Leading Solution Library Avail More Than 1420624 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads No hassle, Instant Access Start Discovering 18,76,764 1936932 Asked 3,689 Active Tutors 1420624 Questions Answered Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!! Submit Assignment
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