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From course:

Economics A Level (DONEEEEEEE)

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Question:

What are the Advantages of Free Markets?

Author: eric_galvao



Answer:

-Any Product being able to be Bought and Sold can mean only the Best Value will be Demanded. Therefore Firms must Incentivise to make Goods Efficiently and Quality -Good Ideas, like making Better Products or Efficiency, is Rewarded through a Lot of Money. -Incentives from Innovation [that come from how Good Ideas can be Handsomely Rewarded] can mean a Greater Choice for Consumers. Not Restricted to buying Gov Recommendation


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