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Economics A Level

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Question:

What are Free Market Strategies more Common Today?

Author: go kys



Answer:

-From the 1980s, Free Market Strategies (Market-oriented) have become Popular. They want Less Government Intervention and want Further Expansions of Free Trade. There are Benefits and Costs to that -They are similar to Outward-Looking Strategies, by Increasing Efficiency by Freeing the Market The floating Exchange Rate System is an example of a Free Market Strat. Allowing the Exchange Rate to be determined by the Market has its Costs (Currency Fluctuations) and Pros (Efficiency and Productivity because the Market reacts to International Demand)


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go kys
go kys