A market system is not considered an effective way of controlling self-interest.

Question

Quizplus · Accepted Answer

A market system is actually designed to harness self-interest in order to achieve efficient allocation of resources and promote economic growth. Self-interested individuals and firms compete to provide goods and services at the lowest costs and highest quality, resulting in lower prices and innovation. However, regulations and policies may be necessary to prevent negative externalities and ensure fair competition.

A Market System Is Not Considered an Effective Way of Controlling