Describe the Philosophy of Noted Economist,Milton Friedman,on the Issue of "Free

question 3

Essay

Describe the philosophy of noted economist,Milton Friedman,on the issue of "free market ethics."

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Definitions:

Pet Grooming

The practice of cleaning and hygienically caring for pets, often involving hair cutting, nail trimming, and bathing.

Financial Responsibilities

Obligations related to managing money, assets, and investments, including budgeting, investing, and managing debt.

Corporation

A legal entity separate from its owners, with rights to own assets, incur liabilities, hire employees, enter contracts, and provide protection for its shareholders.

Sole Proprietorship

A type of business ownership where a single individual owns, manages, and is responsible for all aspects of the business.