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The paper examines the pros and cons of free market economics. It examines the notion that reliance on marketplace economics offers the most effective approach for meeting the needs of socially disadvantaged segments of society, particularly welfare recipients.
From the Paper:"Politicians, economists and proponents of free market economics maintain that when U.S. corporations are profitable, widespread economic prosperity soon follows; arguing that money accumulated at the top of society circulates throughout all economic levels and increases consumer activity. This supposed auxiliary economic action is reminiscent of a previous republican president, Ronald Regan, whose "Reganomics" espoused a "trickle down" theory of fiscal distribution."
Cite this Essay:
Poverty and Free Market Economics (2005, May 17) Retrieved February 02, 2023, from https://www.academon.com/essay/poverty-and-free-market-economics-58637/
"Poverty and Free Market Economics" 17 May 2005. Web. 02 February. 2023. <https://www.academon.com/essay/poverty-and-free-market-economics-58637/>