Examples of free market in the following topics:
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- Market-oriented theories of inequality are focused on the laws of the free market.
- The free market refers to a capitalist economic order in which prices are set based on competition.
- In a free market, prices are supposed to be regulated by the law of supply and demand.
- The model is commonly applied to wages, in the market for labor.
- Considering inequality, market-oriented theories claim that if left to the free-market, all products and services will reach equilibrium, and price stability will reduce inequality.
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- The laissez-faire era of United States economic history, which occurred around the turn of the 20th century—when the government generally left the economy unregulated—reflects a belief in market-driven theories of inequality.
- In contrast to market-oriented theories of inequality, state-centered theories do not assert that the capitalist free-market will naturally regulate prices and wages.
- State-centered theories of inequality critique market-driven ones on the basis that capitalists embroiled in the free-market will act to increase their own wealth, exploiting the lower classes.
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- Some economists argue that the free market is better able to allocate discretionary spending where consumers value it the most.
- Most experts believe that significant market failure occurs in health markets, thereby leading free market insurance models to operate inefficiently.
- This gives the medical profession the ability to set rates that are well above free market value.
- An alternative to private health insurance and the free-market approach to health care is publicly funded health care.
- Proponents of publicly funded medicine cite several advantages over private insurance or free-market approaches to health care:
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- Occupy Wall Street protesters approach inequality from a social justice perspective that holds that all Americans deserve equal life chances and have been denied them by market-oriented approaches to economic regulation (or lack thereof).
- Occupy Wall Street protesters approach inequality from a social justice perspective that holds that all Americans deserve equal life chances and have been denied them by market-oriented approaches to economic regulation (or lack thereof).
- Functionalists are likely to embrace market-oriented approaches to inequality, on the basis that a free market will result in prices that benefit the smooth-functioning and growth of economies.
- By protesting the financial institutions that provide capital to economic enterprises, "occupiers" suggest that the market-driven approach to inequality, embraced by financiers, has not resulted in a fair and equitable economic order.
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- Formal economy goods may be taxed and are included in the calculation of a government's gross national product (GNP), which is the market value of all products and services produced by a country's companies in a given year.
- Participation in the informal economy may result from lack of other options (e.g. people may buy goods on the black market because these goods are unavailable through conventional means).
- Whereas de Soto's work is popular with policymakers and champions of free market policies, many scholars of the informal economy have criticized it both for methodological flaws and normative bias.
- Analyze the impact of the informal economy on formal economy, such as the black market or working "under the table"
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- According to conflict theory, capitalism, an economic system based on free-market competition, particularly benefits the rich by assuming that the "trickle down" mechanism is the best way to spread the benefits of wealth across society.
- They assume that the market will allow these benefits to the rich to make their way to the poor through competition.
- For example, Chuck Feeney, the creator of Duty Free Shoppers, has given $4 billion to charities.
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- The North American Free Trade Agreement (NAFTA) is an example of a formal trade bloc.
- Accordingly, the common market of which Canada, the United States, and Mexico are all members facilitates trade among the countries.
- A single market is a type of trade bloc that is composed of a free trade area for goods, with common policies on product regulation, as well as freedom of movement on capital, labor, enterprise, and services.
- According to the principles of capitalism, a single market has many benefits.
- A common market is a first stage towards a single market, and may be limited initially to a free trade area with relatively free movement of capital and of services, but not so advanced in reduction of the rest of the trade barriers.
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- Capitalism is a system that includes private ownership of the means of production, creation of goods for profit, competitive markets, etc.
- Capitalism is generally considered by scholars to be an economic system that includes private ownership of the means of production, creation of goods or services for profit or income, the accumulation of capital, competitive markets, voluntary exchange, and wage labor.
- Economists usually focus on the degree that government does not have control over markets (laissez-faire economics), and on property rights.
- The differing extents to which different markets are free, as well as the rules defining private property, are a matter of politics and policy, and many states have what are termed mixed economies.
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- Global trade (exchange across international borders) has increased with better transportation and governments adopting free trade.
- Like other free trade agreements, NAFTA promotes free trade among members, which include the United States, Canada, and Mexico.
- Economic arguments against free trade criticize the assumptions or conclusions of economic theories.
- Critics note that free trade may exacerbate inequality among countries and within them.
- Free trade may favor developing nations in certain areas, may benefit only the wealthy within countries, may increase offshoring, and may destabilize financial markets.
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- Critics of the role of free trade in food distribution have used agricultural regions of Mexico as an example of its negative effects in some areas, Mexican farm workers live in hunger and suffer from malnutrition, while the crops they produce are exported to wealthy markets in the United States and Europe, which are more profitable for landowners.
- Critics of the role of free trade in food distribution have used agricultural regions of Mexico as an example of its negative effects -- in some areas, Mexican farmworkers live in hunger and suffer from malnutrition while the crops they produce are exported to wealthy markets in the U.S. and Europe, which are more profitable for landowners.
- Some organizations raise the issue of food sovereignty and claim that every country on earth (with the possible minor exceptions of some city-states) has sufficient agricultural capacity to feed its own people, but that the free trade economic order prevents this from happening.
- These advocates argue that free trade policies transfer economic decision-making power into the hands of multilateral organizations, such as the World Bank and International Monetary Fund and transnational corporations, so that local people are unable to determine what is done with food that is locally produced.
- At the other end of the spectrum, transnational organizations like the World Bank claim to be part of the solution to hunger, maintaining that the best way for countries to succeed in breaking the cycle of poverty and hunger is to build export-led economies that will give them the financial means to buy foodstuffs on the world market.