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English, 23.10.2019 17:30 lilmaddy8856

The underlying principle of free-market economicsthat a society is best served by empowering people to make their own decisions and act as free agents, within a system characterized by 4 fundamental assumptions: self-interest, many buyers & sellers, complete information, & absence of externalities (social costs)-this is derived from the idea that society should promote behaviors that foster the greatest good for the most people, offers a systems of economic activity-free enterprise-that has raised living standards better than any other economic system in history-this is why societies around the world are adopting free-enterprise economies true or false

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