Comment on the statement: Free market economies stimulate greater economic growth, whereas state-directed economies stifle growth.© BrainMass Inc. brainmass.com June 4, 2020, 2:19 am ad1c9bdddf
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Basically, this concept is showing how individuals and various business entities can own assets in a market economy. By having the right to acquire assets, individuals are inclined to work more and to be more productive in order to acquire more assets. The most basic example of this concept would be an individual taking on a second job to save money for the car/jewelry/boat, etc. that they wanted, or the ...
Comment on the statement: Free market economies stimulate greater economic growth, whereas state-directed economies stifle growth.