What is Market Economy
Good for?
1) Competition leads to increased efficiency;
2) Eliminate the free-rider problem;
3) Incentivize people to focus on the efficiency;
4) Bypassing bureaucracy (thanks to the focus on
efficiency)
5) Spurring innovation, technological advancements,
etc.
6) Spur national-level economy (i.e., GDP)
7) In theory, promote fairness among the actors.