decribe three ways that your life would change if the united states began using a pure free market system or a pure free central

Question

inessss [21]

3 years ago

10

decribe three ways that your life would change if the united states began using a pure free market system or a pure free central

ly planned system instead of a mixed economic system

Social Studies

1 answer:

padilas [110] · Answer 1 · 2022-07-20T02:26:19+03:00

Answer with Explanation:

If the United States will start using a pure free market system, many things will change in my life.

As a customer or consumer, I will be given the freedom to choose the price point of any product according to my satisfaction. I will have more sovereignty over the production of goods.

Next, I will probably not be able to purchase some goods or services because having a pure free market system means "having a limited range of goods or services." When one good or service doesn't make enough profit, it can be immediately pulled out from the market.

Lastly, the pure free market system would probably be hazardous to my health. It is clear that this kind of system is "profit-oriented" thus, companies will not mind taking care of the environment as long as they keep on producing what's beneficial for them. The environmental standards will not be followed.