Description

In your opinion, a modern economic system should:

1. set price ceilings that are lower than the market equilibrium price on all necessity goods.

2. let free markets determine prices, what and how much is produced, and who gets what output from the economy.

3. equally distribute aggregate output among each of its citizens.

4. meet the needs of everyone before consideration of individual wants.

Outline your opinion about a modern economic system, choosing one of the four given descriptions. incorporate economic supportive arguments in your answer. Start a new thread and post your opinion in the discussion forum. Reply to at least one of your classmates, preferably try to find someone that has a different opinion than yours. Your reply has to be constructive and give way to more conversation; you can agree and elaborate on why that is, or you can politely disagree and comment on your opposition.

Your post has to be at least 200 words long.