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URGENT!!!!! ASAP!!!

2007-10-29 05:51:12 · 2 answers · asked by chabelita 1 in Social Science Economics

2 answers

Free Entreprise .That means a Government cannot violate the rules of Supply and demand in determining the Price of goods or services to be sold.
Rent control by goverment is an example of violation of the Rules of supply and demand.That is dictating the price of goods and services regardless of competion, thus by-passing pricing on a competitive basis.

2007-10-29 06:03:03 · answer #1 · answered by goring 6 · 0 0

Milton Friedman has not emitted some principle at all in economics. He only call to return and apply some old theories related with independency of the markets and less intervention on government in all the economic activities. Some of his proposals are:
.-Private education
.-Private Health Service
Its an extreme point of view and we can see his ideas like a reaction to the extreme intervention of the government in our life and the high level of taxes (less government, less taxes)

2007-10-29 13:00:10 · answer #2 · answered by CSI - Economics 4 · 0 0

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