One part of the "informal defence" of the market system is the argument,made forcefully by the late Milton Friedman,that free markets provide for the

Question

Quizplus · Accepted Answer

The argument made by Milton Friedman for the informal defence of the market system is that free markets provide for the decentralization of economic power. This means that individuals and businesses have the freedom to make their own economic decisions without interference from the government or other centralized authority. This allows for a more competitive and efficient economy that can better allocate resources and innovate. Therefore, option B is the best choice.

One Part of the "Informal Defence" of the Market System