about what to make and to know more that consumers about what they want to purchase and at what market price.
3. Reasons against the opinion that free markets and only free markets should regulate business.
A. Free markets exist in theory, but not in reality. There are no completely free markets in the world, and therefore there is no way to test this theory. National governments differ as to the degree to which they will interfere or intervene in the marketplace. The goal of these interventions is to prevent excesses. One example would be monopolies. At the beginning of the nineteenth century, the American economy was less heavily regulated. As a result, several industries - notably oil, steel and railroads - were run as monopolies or at best as oligopolies. As a result, there was not free choice for customers between and among competitors. The result was that these monopolies could charge any price and consumers could either pay the price or do without the product or service. As a result, consumers tended to pay higher pric
...