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The free market allocates resources based on the competence of producing goods and services valued by others using money as the medium of exchange. People get u
by joshuaheard 7y ago
The free market allocates resources based on the competence of producing goods and services valued by others using money as the medium of exchange. People get utility from voluntary mutually beneficial transactions that satisfy their needs.
- smolder 7y agoThat's the ideal, and you're not wrong, but it ignores the behavioral piece of what really goes on in the world.