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The primary aim of a free market is to make a profit. Competition rather than regulation...

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General Management

The primary aim of a free market is to make a profit.Competition rather than regulation keeps bad behavior in check, andcompanies work hard to differentiate themselves in order to makemore profit. In a social contract environment, outside forces suchas regulation, laws, enforcement and outside governance producelimits to a corporation’s power and reach. As a consumer, whichapproach are you most comfortable with, Free Market or SocialContract and why? As a business owner, which approach would yourather follow and why?

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As a consumer i would prefer the Free Market approach Explanation A free market approach gives companies the ability to work hard and differentiate themselves in order to make profit this    See Answer
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