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