Question
The most terrifying words For example, what about fairness? A free market economy rewards participants according to their ability to work hard, take risks, innovate,
The most terrifying words For example, what about fairness? A free market economy rewards participants according to their ability to work hard, take risks, innovate, create, and ultimately produce goods and services. So one could conclude that a market economy may not be "fair" to everyone "Government intervention is important to make sure the market is fair to everyone." Please tell us whether you agree or disagree with this statement and why. You could consider the questions: Is the market really "unfair" to individuals?
What would you do to make outcomes more fair?
What are the consequences of making outcomes more fair? Put some thought into it?
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