If a society uses the market system, it must rely solely on markets to solve all of its problems.

Question

Quizplus · Accepted Answer

While the market system plays a significant role in allocating resources and goods, it cannot solve all problems on its own. There is still a need for government intervention in areas such as regulating monopolies, protecting the environment, and providing public goods and services. Additionally, markets may not always address issues of income inequality and poverty, which may require social welfare policies.

If a Society Uses the Market System, It Must Rely