ECON160 Research Paper Example | Topics and Well Written Essays - 1250 words

ECON160 - Research Paper ExampleMoreover, shift commercialize system promotes fairness in the society by threatening dictatorial rule. Part 1 give up commercialize policies that threaten dictatorial establishments Governments around the globe prefer the relax grocery system because of the advantages that annul upon use. Indeed, the system encourages entrepreneurship and healthy competition. In dictatorial States, the system poses threat to governments. According to Cobin (16), free market leads to economic growth and the development of democratic empires. In China, the system has been fundamental in strengthening republic. The rise in private wealth acquisition in China is attributable to the free market system. For instance, the system promotes democracy in China. Free market system discourages dictatorship in several instances making the system favourite(a) in developed democracies. According to Wehner and Brooks (37), the use of free quite a little policies limits Stat es monopoly. As such, the system denies government the monopoly of making trade policies on behalf of the citizens. Governments using the system consult citizens when making trade policies. Wehner and Brooks (24) add that free market system enhances fairness in employments. Moreover, government listens to public view when making national budget in free market systems. Dictatorial governments find it hard to sweep the free market system because it encourages citizens to take part in planning. In free markets, the public helps the government in planning for activities that affect trade. For instance, citizens vote when choosing their leaders, yet voting is against the principles of dictatorship. Moreover, people make decisions through consensus in free trade (Kates 7). Citizens prefer the use free trade policies because the policies advocates for fairness in trade. Free market system advocates for the use of monetary policies in restructuring economies. This is only achievable in th e presence of democracy. The economy encourages intercourse during planning. This makes it difficult for a government to embrace dictatorship (Wehner and Brooks 27). There is a direct joining between economy and politics making governments listen to the views of masses when devising trade policies. A volume of the countries that have adopted free market economic system are not dictatorial. This is an indication that free market system discourages dictatorship. Policies that prohibit the government against setting prices for commodities are helpful in promoting democracy. In free market economies, market forces control the activities of the market. According to Cobin (151), governments intervene only when the rustic faces crisis. Additionally, a free market encourages the poor to exploit the rich because they control dictatorial governments. When the poor have the capacity to develop, they become a threat to the government. In free markets, people champion their rights through vo ting hence, the poor in the country have the capability to elect one of their own to a leadership position. 2 Chinas economy According to Richard McGregor, Chinas economy is both a free market and communist economy. It is a free market because leadership has embraced liberalization of trade. For example, individuals have built their own business empires from trade. In China, the communist party encourages ownership of properties by individuals. The