Freedom is to some extent illusory
Illustrate “freedom is to some extent illusory”?
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The freedom is to some extent illusory, because if producers ignored consumer wishes, they would likely suffer losses and eventually find themselves with no income or means to support themselves. If consumers make choices that ignore their own income potential, they, too, will soon find themselves unable to buy even the basic necessities. Personal freedom exists only in the fact that no single individual or command agency is telling economic decision makers what to do with regard to their production and consumption decisions. One is free to make one’s own decisions subject to the limitations of the anonymous marketplace.
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What are the major legal forms of business organization?
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