Countries that rely on a free market system are plagued by persistent shortages or surpluses of goods and services.

Question

Quizplus · Accepted Answer

While free market systems are not without their flaws and shortcomings, persistent shortages or surpluses of goods and services are not inherent to a free market system. The proper functioning of a free market system requires competition, pricing mechanisms, and sufficient information to ensure that supply and demand are balanced. When these conditions are met, shortages and surpluses should be temporary and self-correcting.

Countries That Rely on a Free Market System Are Plagued