Final answer:
Capital is necessary in addition to protection against theft, coercion, and fraud for consumers and producers to have freedom of choice.
Step-by-step explanation:
In addition to protection against theft, coercion, and fraud, capital is necessary for consumers and producers to have freedom of choice. Capital refers to the financial resources, machinery, equipment, and technology that are used to produce goods and services. It enables businesses to invest, innovate, and expand their operations, which in turn provides consumers with a wider range of choices.
For example, a producer who has access to capital can invest in new technologies to improve the quality of their products or increase production capacity, giving consumers more options. Similarly, consumers with access to capital can afford to purchase a wider range of goods and services, allowing them to exercise their freedom of choice