Question

identify whether the development of the Market system in the United States was ultimately a good thing or a bad things for women, families and immigrants. Why or why not?

Answer 1

Development of market system in USA was in 19 th century in which Adam Smith free market theory is relevant. According to this capitalism is in priority with socialiism also there to Balance it

.Development of market economy is based on central government to regulate when required but factor of production is decider of demand supply competition and overal all fever of an economy.

Factor of production like :Land ,labor ,capital, entrepreneurs.

Good things as follows:

Land is Main factor for developing any economy and which is directly , indirectly associatted with worker ,farmers ,labour and thus provide job for them , when economic activiies are done on the So this is good for women immigrant families etc to provide them jobs and livelihood opportunity.

Capital : it is related machinery, investment and technology which required skilled workers and they may be from native household or families, immigrant (skilled human capital) or women. So this is also effect them positively and Wholisticly.

Entrepreneurship: this type of economic System boost people to create your own jo and job provider as everything is market control,. As much you understand or behave according to market you will become more successful .so this system have produdced so many entrepreneur coming from different section of society like women, immigrant etc.

Negative effects: this Market system also give more and more boost for such people who are already rich and thus they have became more rich In such a way this created inequality of income in society and more are reflected among women, immigrant (poor or unskilled) families etc.in early 20 th century and in 19 th century this system also prevailed slavery system as domestic workers, plantation workers industry workers etc and also affected Black people through racial discrimination in different business etc.