Free Market Economic Characteristics
Upcoming SlideShare
Loading in...5
×
 

Like this? Share it with your network

Share

Free Market Economic Characteristics

on

  • 29,168 views

Economic Definitions

Economic Definitions

Statistics

Views

Total Views
29,168
Views on SlideShare
28,742
Embed Views
426

Actions

Likes
0
Downloads
171
Comments
0

5 Embeds 426

http://dlc.ferndaleschools.org 203
http://modules.ferndaleschools.org 103
http://blendedschools.blackboard.com 55
http://www.slideshare.net 43
https://blendedschools.blackboard.com 22

Accessibility

Upload Details

Uploaded via as Microsoft PowerPoint

Usage Rights

© All Rights Reserved

Report content

Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
  • Full Name Full Name Comment goes here.
    Are you sure you want to
    Your message goes here
    Processing…
Post Comment
Edit your comment

Free Market Economic Characteristics Presentation Transcript

  • 1. Free Market Economics The Good, The Bad, and the Ugly
  • 2. The Goals of a Free Market Economy
    • It is generally acknowledged that Free Markets exist to achieve four distinct sets of goals.
      • Efficiency
      • Growth
      • Freedom
      • Variety
    • Their effectiveness in achieving the goals is a topic of much debate and frequently results in Government Intervention.
  • 3. Efficiency
    • Free Markets, unhindered by government intervention, can rapidly adapt to meet changing dynamics between Producers and Consumers.
  • 4. Growth
    • Free Markets value, and rely on, entrepreneurs to create new products and ideas that in turn create new production and consumption demands.
  • 5. Freedom
    • Free Markets allow producers and consumers to act in accordance to their own best interests in regards to resource usage.
  • 6. Variety
    • Free Markets allow producers to focus on the fickle demands of consumers in order to maximize profits and efficiency.