GB 540 Unit 1 Assignment Free Market and Ethical Issues( Topic Poverty)
GB 540 Unit 1 Assignment Free Market and Ethical Issues( Topic Poverty)
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Unit 1 Assignment: Free Market and Ethical Issues
Markets are mechanisms for coordinating the set of connections of production operations that are
distributed throughout the whole economic system. Thus, the market is the predominant and
determining link between producers of goods and services and consumers. Accordingly, markets, as
an exchange of goods and services that takes place as a result of buyers and sellers interactions, are
generally considered the most efficient allocator of resources in the market economy.
However, free markets are not allowed to solve some of the social problems in a society due to
various reasons. One such social problem is illegal drugs. Another example is environmental such as
pollutions. For an additional example for a social problem, where supply and demand is not allowed