Is There Such a Thing as a "Free" Economy? Elucidate

question 70

Essay

Is there such a thing as a "free" economy? Elucidate your views.

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Definitions:

Constitutional

Relating to, or according with a constitution, which is a set of fundamental principles or established precedents governing a state or other organization.

Conservative Opposition

Political or ideological opposition based on conserving traditional institutions, values, and practices against more liberal or progressive changes.

Second New Deal

A series of programs and reforms introduced by President Franklin D. Roosevelt in the 1930s aimed at economic recovery and social welfare improvements during the Great Depression.

Depression

A severe and prolonged downturn in economic activity characterized by high unemployment, falling prices, and decreased production, or clinically, a mental health disorder marked by persistent sadness and lack of interest.