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Category > Business & Finance Posted 18 Aug 2017 My Price 9.00

Unit 1 [GB540: Economics for Global Decision Makers] Assignment:

Write a 5 page paper about social problems where the free markets are not allowed to function, which includes the market for a particular illegal good and service, a regulated market, etc. 

Unit 1 [GB540: Economics for Global Decision Makers] Assignment: Free Market and Ethical Issues
Markets are mechanisms for coordinating the set of connections of production operations that are
distributed throughout the whole economic system. Thus, the market is the predominant and
determining link between producers of goods and services and consumers. Accordingly, markets, as
an exchange of goods and services that takes place as a result of buyers and sellers interactions, are
generally considered the most efficient allocator of resources in the market economy.
However, free markets are not allowed to solve some of the social problems in a society due to
various reasons. One such social problem is illegal drugs. Another example is environmental such as
pollutions. For an additional example for a social problem, where supply and demand is not allowed
to freely function, read the “Last Word” feature on markets for human organs on Pages 

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