A major criticism of the market system is that it

Question

Quizplus · Accepted Answer

The market system operates on the principle of self-interest and profit maximization, which can lead to a lack of traditional morality built into the system. The pursuit of profit can lead businesses to engage in unethical or immoral practices, such as exploiting workers or damaging the environment. This criticism suggests that the market system does not prioritize ethical considerations and relies on external regulation to ensure fairness and justice.

A Major Criticism of the Market System Is That It