Free Market Economic Characteristics
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Free Market Economic Characteristics

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Economic Definitions

Economic Definitions

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Free Market Economic Characteristics Free Market Economic Characteristics Presentation Transcript

  • Free Market Economics The Good, The Bad, and the Ugly
  • 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.
  • Efficiency
    • Free Markets, unhindered by government intervention, can rapidly adapt to meet changing dynamics between Producers and Consumers.
  • Growth
    • Free Markets value, and rely on, entrepreneurs to create new products and ideas that in turn create new production and consumption demands.
  • Freedom
    • Free Markets allow producers and consumers to act in accordance to their own best interests in regards to resource usage.
  • Variety
    • Free Markets allow producers to focus on the fickle demands of consumers in order to maximize profits and efficiency.