Examples of items that privately-owned markets

Reference no: EM133364066

Assignment:

The "market system" (that is, an economy of self-interested individuals that is largely organized through interlinked markets for resources and output) is often touted as the best mechanism for producing the things that we want to have. Do you think, though, that this is true? Is it always true? More stringently, is it ideal? Are there examples of items that privately-owned markets don't produce effectively? In other words, do you think the government should play a larger role (or a smaller role) in controlling productive activity in this country? Give supporting reasons and examples, not just opinions. In your subject line, include "Larger Role" or "Smaller Role".

Reference no: EM133364066

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