Why Choosing the Free Market Is a Smart Move!
By Nozick Nightingale
- 2 minutes read - 224 wordsThe free market can be a great way to get the best possible goods and services you need in life. By allowing the market to deal with the production and distribution of resources, individuals can find the best deals for the products and services they need. Throughout history, individuals have made use of the free market to acquire and develop the means to acquire what they need.
If you take a look at the industrial revolution, for instance, you can see the powerful benefits of this system. When labor and production were allowed to operate more freely, the result was an increase in output, quality, and efficiency of production. This was all possible without any government intervention or control of prices or wages.
Moreover, capitalist countries have done well economically, even when compared to those of different political systems. According to the Economic Freedom of the World report, capitalist countries average a per capita income three times higher than that of non-capitalist countries. Also, the 2017 report on global economic freedom mentions that freer markets tend to bring more income and greater economic stability to all countries.
In conclusion, the free market system is a good choice for those looking to get the best out of their investments in goods and services. Its historical power and current results are certainly worth taking into consideration.