What do you think about this feature of market system

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Reference no: EM131246863

Generally in a market system the answer to the question “Who will get the output” is that the people who are willing and able to pay the existing market price get the output. If you cannot pay for the product or service, you do not get to have the product or service. This is true for all products and services, including food, housing, clothing, cars, education, etc. What do you think about this feature of a market system? Do you think it is fair? Why or why not? Does output change based on "who" receives the output? NOTE: This question is a philosophical question. Do not answer it based on the current system of a particular country (for example, the United States.)

Reference no: EM131246863

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