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Economics Lecture Two (view source)

Revision as of 13:26, August 25, 2009

518 bytes added ,  13:26, August 25, 2009
→‎The "Free Market": power of free market for poor
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As the above example illustrates, the free market has the effect of giving great wealth to the poor.  Someone can have no money, or lose all his money, and yet live nearly as well as the wealthiest man in the nation -- '''''if''''' the free market exists to drive down prices and provide equal opportunity.  <expand further>  But if the free market does not exist, then the poor may go hungry and otherwise suffer, because prices are too high and opportunities too limited for him to do as well.
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== What is Irrelevant to Supply and Demand? ==
 
== What is Irrelevant to Supply and Demand? ==
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