Tips for Economic Freedom

solutions to economic freedom

Economic freedom is thus more illusion than at first appears. One can do as one please in the market, but if one pleases to do what the market disapproves, the price of individual freedom is

economic ruination 

Lack of external intervention can lead to;

·         Price instability

·         Instability in interest rates

·         Unemployment can arise from capitalists who will prefer below living wages to earn huge profits

·         Cyclical downswings in the economy can be adverse and affect the value of wealth of investors if no intervention is undertaken

Economic freedom leads to freedom of choice with consumer’s ability to choose from a wide array of products whilst satisfying their needs.

Government intervention is necessary for economies since a good balance of supply and demand is necessary for a healthy performing economy.

Excessive consumption leads to inflation, instability in interest rates and out rightly prices increase when there is excess demand

If beneficial goods are not subsidized they can be under consumed hence loosing welfare obtainable