The potential risks of a free market system include the possibility of economic inequality, exploitation of workers, and market failures due to lack of competition. There's also a risk of businesses prioritizing profit over social welfare, leading to negative externalities such as environmental damage. Furthermore, in a completely free market, there's no guarantee of basic services for all citizens, as businesses may not find it profitable to provide these services in certain areas or to certain populations.
Economics can be intimidating to the person who is not well-versed in business and mathematics. This...
View summary