Efficient and solves basic economic problems

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For this discussion forum, begin by reading the following statement and decide whether you agree or disagree with the statement:

"The free market system is the best economic system since it is the most efficient and solves basic economic problems." 

In a post of several paragraphs, discuss the reasons why you agree or disagree with the above statement. What evidence from the lesson or outside research can you find that supports your stand? How can you connect your argument with the terms and ideas we have studied in this lesson? Include in your post evidence for your stand, especially related to the specific reasons why one system works better than another. Keep in mind that each economic system has advantages and disadvantages: even if you agree with the statement, be sure to acknowledge any weaknesses of the free market system.

Reference no: EM133203082

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