Question

In: Economics

why are there no pure free market nations? Please include sources.

why are there no pure free market nations? Please include sources.

Solutions

Expert Solution

Free market:Free market is a system in which thier is no intervention of goverment or economy is self regulatory by price of goods and services.Thier is a complete absence of goverment .

There are no pure free market nation because of following reasons-

*Goverment regulates market by forming laws and regulation so for regulation of market goverment intervention are require.

*Every market can not do production of each and every products by thier own thie definately need a backbone of goverment to perform the function.

*Market's main objective is profit maximisation where as goverment main obejctive is social welfare so for the welfare of society goverment intervention is requires because no market will function for the social objectives.

*In some areas like health ,security,education,justification goverment presence is required.

*Pure market moreover a theoretically aspects because to be a free market no goverment presence is required .


Related Solutions

Why are some developing nations skeptical of free trade?
Why are some developing nations skeptical of free trade?
Define free trade. 9. Why do many economists believe that unrestricted free trade between nations will...
Define free trade. 9. Why do many economists believe that unrestricted free trade between nations will raise the economic welfare? 10. Explain Q.9 above in terms of absolute and comparative advantage,
The mobility of international capital flows is causing emerging market nations to choose between a free-floating...
The mobility of international capital flows is causing emerging market nations to choose between a free-floating currency exchange regime and a currency board (or taken to the limit, dollarization). Describe how each of the regimeswould work and identify at least two likely economic results for each regime.
For the Pure Monopoly Market Structure 2 a. For the monopolist, please explain in detail the...
For the Pure Monopoly Market Structure 2 a. For the monopolist, please explain in detail the steps required to determine: Creative Commons Attribution 4.0 License, CC BY Charles Hackner Houston Community College unless otherwise noted. i. The firm’s optimal level of output. ii. The firm’s product price that would correspond to that optimal level of output. iii. If the firm has achieved maximum profit iv. If the firm has achieved minimum profit Use the MR MC approach along with the...
in 1000 words why is the free market impossible?
in 1000 words why is the free market impossible?
In a paragraph or two, please explain the purpose of the United Nations, and why you...
In a paragraph or two, please explain the purpose of the United Nations, and why you think such a body is or is not important.
Why do less-developed countries not gain as much from trade as industrialized nations? Cite your sources.
Why do less-developed countries not gain as much from trade as industrialized nations? Cite your sources.
write an essay about why the free market is impossible?
write an essay about why the free market is impossible?
. Please name and describe in details the three sources of prepayment in the mortgage market.
. Please name and describe in details the three sources of prepayment in the mortgage market.
Please name and describe in details the THREE sources of prepayment in the mortgage market.
Please name and describe in details the THREE sources of prepayment in the mortgage market.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT