Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

If I do not support a fully unregulated market how would I reply? Free market capitalism is where they let people do whatever they want

If I do not support a fully unregulated market how would I reply? Free market capitalism is where they let people do whatever they want in the market without the government telling them what to do. It sounds good because it seems like total freedom but it isn't good for other people. People were getting super wealthy but others were stuck being slaves or working in factories and even young children. So saying "free market" sounds good but it is like saying you want a party with zero rules, it might be fun for a minute but someone could get hurt in the end. I think that we need rules in the market, like how minimum wage laws are there so people can afford to live, and environmental rules stop companies from wrecking the planet. I think that everyone should have a fair shot so that we don't screw things up for our future. I think that we need to be smart about it and we need a balance between letting people do their thing and making sure everyone is safe

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Leading and Collaborating in the Competitive World

Authors: Thomas S Bateman, Scott A Snell, Robert Konopaske

13th edition

1259927644, 1259927645, 978-1260194241

More Books

Students also viewed these Economics questions