What are the advantages of a market economy?
The major advantages of a market economy are that such an economy provides the greatest personal freedom for its people, gives them with the greatest possible variety and quality of goods and services, and offers those goods and services at the best possible price. By doing these things, the market economy allows a country to be richer and freer than it otherwise would be.
In a market economy, people have the right to do more or less with their property as they wish. The government allows people to start businesses doing whatever they want (outside of illegal things like drug dealing). It does not tell them what they must do with their money and it does not create companies of its own that prevent private enterprise from growing. If we believe personal...
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