A status order tends to restrict the freedom of the market, not only by its monopolization of certain types of consumption goods but also by its monopolization of the opportunities to earn money.

Question

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A status order typically creates barriers to entry for individuals and businesses that want to compete in the market, resulting in limited opportunities for earning money. The status order ensures that those who already have money and power maintain their dominance, often at the expense of others who may have innovative ideas but lack the resources to bring them to market.

A Status Order Tends to Restrict the Freedom of the Market