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8 October, 06:54

Does the free-market system bring efficiency as well as freedom? give at least one concrete example to support your position.

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  1. 8 October, 09:31
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    Efficiency of handling the economic system is correct. The free market gave an organized structure of production. But freedom, in a free market is not. Historically, free market was not a result of freedom it started with slavery. Massive production needed expansion of foreign lands, so the people in that country was not free as well. They are under force labor. Free market was not free when some countries already gained ground before some had just started. There is no freedom in a monopoly set up, but you are given the chance and the risk in a free market.
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