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19 February, 05:44

Why no modern nations have purely free market economy

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  1. 19 February, 08:23
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    Pure market economies do not exist because when markets are allowed to freely function, and economic decisions are reached by the interaction of individuals, firms and government in the markets, these lead to sharply unequal outcomes and social welfare is threatened.

    Explanation:

    Basically because it will make things unequal and social welfare is at risk
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