What Arguments Are Made in Favour of a Free-Market Economy

question 81

Essay

What arguments are made in favour of a free-market economy? What are the arguments made by those who favour a large regulatory role for government? Consider issues such as economic productivity, economic inequality, and the extent of corporate welfare. Also, how do the recent corporate scandals, beginning with the collapse of the Enron energy trading company, play in to this debate?

---

Definitions:

Communication Server

A server that manages all communications between devices on a network, facilitating messaging, email, and other forms of digital communication.

E-Mail

Electronic Mail, a method of exchanging digital messages across the Internet or other computer networks.

STP Cable

stands for Shielded Twisted Pair Cable, a type of cabling that provides an additional layer of insulation to reduce electromagnetic interference.

Foil Sheath

A metallic foil layer used as a protective and electromagnetic interference-shielding cover around cables and wires.