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Eieio Eieio
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A year ago
The "formal defence" of free markets includes the argument that competitive markets

▸ provide automatic coordination of the actions of decentralized decision makers.

▸ lead to allocative efficiency.

▸ permit a decentralization of economic power.

▸ provide a stimulus to innovation and economic growth because of the pursuit of profits.

▸ lead to political freedom.
Textbook 
Microeconomics

Microeconomics


Edition: 17th
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latoya86latoya86
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A year ago
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Eieio Author
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A year ago
Brilliant ツ
carston
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Yesterday
Thanks
patod1
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2 hours ago
This helped my grade so much Perfect
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