Market forces and free trade are encouraged in democracies.

Question

Quizplus · Accepted Answer

In democracies, the government usually promotes market forces and free trade in order to promote economic growth and development. This is because it is believed that competition between businesses will lead to innovation and lower prices for consumers, and that free trade will allow countries to specialize in the production of goods that they are most efficient at producing, and then trade with other countries to get the goods they need at a lower cost.

Market Forces and Free Trade Are Encouraged in Democracies