Negatives of a Market Economy
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One of the criticisms of the market economy is that human rights can be compromised or even eliminated in order to protect market interests. This criticism notes that free movement of labor is limited from Third World nations to developed nations by those seeking to protect their market interests. Labor costs are lower in the Third World--where work is often performed for companies based in the First world--and free migration of labor, which is itself one of the underlying principles of a market economy, is curtailed, sometimes by force, in order to protect the position of the much more powerful companies that employ the labor (Flere, 2001).Human rights have also been categorized into classic political rights (free speech, universal right to vote) while social human rights, such as the right to heal
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Approximate Word count = 543
Approximate Pages = 2 (250 words per page)
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