Question

the underlying principle of free-market economicsthat a society is best served by empowering people to make their own decisions and act as free agents, within a system characterized by 4 fundamental assumptions: self-interest, many buyers & sellers, complete information, & absence of externalities (social costs)-this is derived from the idea that society should promote behaviors that foster the greatest good for the most people, offers a systems of economic activity-free enterprise-that has raised living standards better than any other economic system in history-this is why societies around the world are adopting free-enterprise economies True or False

Answer 1

True

Step-by-step explanation:

The underlying principle of free-market economics that a society is best served by empowering people to make their own decisions and act as free agents, within a system characterized by 4 fundamental assumptions: self-interest, many buyers & sellers, complete information, & absence of externalities (social costs)-this is derived from the idea that society should promote behaviors that foster the greatest good for the most people, offers a systems of economic activity-free enterprise-that has raised living standards better than any other economic system in history-this is why societies around the world are adopting free-enterprise economies.

The text above clearly expresses the Capitalism main structure.