Question

TOPC DESCRIPTION For this discussion forum, begin by reading the tolowing statement and decide whether you agree or disagree with the statement The free market system is the best economic system, since it is the most efficient and solves the basic economic problems. in a post of several paragraphs, discuss the reasons why you agree or disagree with the above What evidence from the lesson or outside research can you find that supports your stand? n your post to the specific reasons why one system works better than another Keep in mind that each economic system has advantages and disadvantages even ส you agree with the statement, be sure to acknowledge any weaknesses of the free market system

Answer 1

Free market has several advantages and benefits and is most dyanmic and highlycaccesible markets. Free markets do allow for affordable and distributionof productacross markets where there is no accessibility.

Howeverthe disadvantageand costs overweigh benefits of free markets which is biggest reason for economic problemsthan solutions.

Free markets cause unregulatedsupply of goods which may cause uneven shortage or predatory pricing or supply of adultererated and lack of quality specifications based goods. It also leads to fraudulent activities and ponzi schemes making it largely ineffective and inefficient.