Honourable Judge,
I am writing to you to introduce my self as the defense attorney for the Market Economy. The Market Economy has been charged with the “inefficient allocation of its potential output, the blatant disregard for the use of its country’s productive resources, it inability to address the 3 fundamental economic decisions of what, how and for whom to produce, and its negative impact on its citizens liberty over all.”
Before such false, illogical and baseless allegations are made on the Market economy it is necessary to understand what exactly a Market Economy is and how it functions. Free-Market Economy (“Free-Market Economy” 2003), economic system in which individuals, rather than government, make the majority of decisions regarding economic activities and transactions. Individuals are free to make economic decisions concerning their employment, how to use or accumulate capital, what expenditures to make, and whether to use their resources now or......

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Title: Market Economy
Approximate Word Count: 1430
Approximate Pages: 6 (250 words per double-spaced page)

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