Free markets lead to prosperity from "summary" of Conscience of a Conservative by Barry Goldwater
The principle that underlies the concept of free markets leading to prosperity is a simple one. When individuals are allowed to freely engage in economic transactions with one another, they are able to pursue their own self-interest, which in turn leads to the creation of wealth and prosperity for society as a whole. In a free market system, prices are determined by the interaction of supply and demand, rather than being dictated by government edict. This means that resources are allocated efficiently, as individuals are able to make decisions based on the information provided by market prices. Businesses are incentivized to produce goods and services that are in demand, and consumers are able to choose from a wide variety of options based on their preferences and budget constraints. Competition in a free...
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