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What is an important advantage of a free market?

Workers Compensation Law Discussion

What is an important advantage of a free market?

Postby delron72 » Wed Dec 14, 2011 2:20 am

12. What is an important advantage of a free market?
a. It does not change unless the government directs it.
b. It offers a wide variety of goods and services.
c. It is easy to regulate.
d. It protects the less fortunate.

14. What is the product market?
a. The market in which payments are received for selling products to consumers
b. The market in which income is received for supplying land, labor or capital
c. The market in which firms purchase the factors of production from households
d. The market in which households purchase the goods and services that firms produce

20. What is one benefit provided by Social Security?
a. medical care for the indigent
b. cash transfers to workers injured on the job
c. compensation for all who lose jobs
d. retirement income for the elderly
delron72
 
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What is an important advantage of a free market?

Postby winwood » Wed Dec 14, 2011 2:21 am

Free Market is something that every seller needs. It's an advantage for the sellers to have a free market. Just like www.CleverBuy.com.ph, it's free, it's very advantage on the part of the sellers coz someone or something are driving customers for them with any cost but the disadvantage is that there is a limited access, limitations in the service and limitations in the resources. If we can afford to pay for something then we can demand for something.
winwood
 
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