Free Market Economy

The U.S. economy is primarily a free market economy. A free-market economy is run by supplying and demand, and in the United States, it contains some government rules and regulations. Just like in all free-market economies, both buyers and sellers create their businesses. They generate their own leads, what they want to buy, and what they want to sell. Today there is a huge debate on how much the government should be able to regulate an order for the U.S. economy to succeed. Individuals that want less regulation argue that if you remove government restrictions, the free market will force businesses to protect consumers. This means that the sellers will have to create an affordable price for everyone. Those who do not believe in government regulations do believe that the government causes everyone to cost more money. Which, in some case is true. But in order to have successful companies, both small businesses and large, there has to be some type of rules and regulations. Even most sma

https://fee.org/articles/free-enterprise-is-the-worlds-only-successful-strategy-for-reducing-poverty/ I chose this news article because it is relevant and touches on a big issue with both free market (capitalism) and socialism. This issue is poverty. Many believe that without a more socialistic form of government it would be impossible to get rid of poverty. This isn't the case, with a capitalist form of government, it will actually be easier. This article touches heavily on this subject.

https://www.youtube.com/watch?v=GNCZQ4AUK3M

I chose to use this picture because it gives a great representation of what a controlled society looks like. Here is the difference between North Korea and South Korea. One is a free market economy and the other is controlled and suppressed by a strong government. This should raise a question in the reader's head. They should start to ask themselves if they really would want this lifestyle.

I used this meme because it is relevant to the free market. Although it is using humor to prove a point, it gets the reader to understand what is going on. This meme lightens the mood and pulls out a little bit of a laugh. Although one would never use this in a professional sense, it proves a point that needs to be known.

This chart is relevant because it breaks down the pros and cons to a free market economy. It also shows on the right side where a controlled or command economy would be like. Indivisuals can break down and understand the difference in no time. Although this is very minimal, it gives the reader broad ideas and helps them better understand the free market economy. 

This video is a short video explaining what a free market really is and how it works. This is relevant because individuals need to learn and understand what free enterprise is all about. This video will give you the basics and give you an idea of what our country is all about. https://www.youtube.com/watch?v=2v5lPmofZx8

This video is relevant because it explains and talks about the basics of which the United States was founded. Although, this video is not at the beginner level. It dives in and explains the idea of Free Enterprise. It thoroughly goes through and explains the importance of economics. This video is definitely worth listening too.  https://webviews.fragds.com/app/content/audio/78155b41-ab03-4674-9fb6-e11c8995ef42/34217e71-8cbf-4aa2-a194-bc1637996715?customerId=a7074ff2-3256-4e03-a2e8-a4315485fe43

This video is relevant because it explains the times we are in now as a country. Although it may seem like the country shutdown was a good option to keep everyone safe, it gives all the power to the government. Both Democrats and Republicans that want to gain power and lots of it. Here is a short video explaining.  https://www.instagram.com/tv/B_fIJwIgzpy/?igshid=ts0jnhj7m6v3

People don’t understand the difference between socialistic forms of government and capitalistic forms of government. They tend to choose the one that sounds better. Most individuals are not willing to do their own research and truly break down what both a socialistic and a capitalistic form of government truly looks like. No need to worry or do research now, the United States is currently getting a taste of what a socialistic society would be like. It is a free trial. It’s incredible. Those who would vote for a very controlling and over-arching government are the same ones that are now complaining. They can’t go to the stores they want; they can’t go to the restaurants they want or even go to places for entertainment. Yet these are the same people who want the government to have more and more control. Young adults seem and tend to go with whatever seems best. Although younger generations are more innovative and creative, sometimes losing sight of reality. Venezuela is a perfect example

Venezuela- Wealthiest Country in South America turns into one of the Poorest Countries Before the late 1980s and into the 1990s, Venezuela was one of the wealthiest countries in South America. After a few wrong turns, they elected President Hugo Chavez, who sent the country of Venezuela into a downward spiral. Shortly after he was elected as president, he turned Venezuela into a socialistic society. Since then, millions have tried to flee the country and find their way of life back again. “Socialism not only takes away from people the access to basic food and medicines but also creates an environment in which life is not worth nothing.” (Giannina Raffo) Giannina Raffo was an individual who fled from Venezuela and was under the control of the socialistic form of government.   The reality is that the young adults who so desperately want a socialistic form of government genuinely do not understand the detrimental consequences that flow from it. Millions of individuals in Venezuela

Most people don't know the difference between what a capitalistic form of government looks like and what a socialistic government looks like. "Unfortunately, nearly 75% of young adults will consider a socialist society, which becomes a very controlled environment." (Libby) Most of these young adults fall in the age group of 18 to around 30 years old. Almost all of these young adults are highly uneducated and really don't know the differentiating factors of the two types of government. First, a capitalistic type of government is full of freedom but in fact does contain some kind of limits and boundaries, whereas a socialistic type of government is almost under complete and udder control and has virtually no freedom at all.  Many different types of assets end up being owned by the government. The large picture and the encompassing idea of redistribution of income is a large part of a socialistic movement. This means that everyone gets paid the same. No matter who works

This meme is relevant because it explains what a free market economy is like. Everywhere in the United States, there are many similar businesses. each one of them gets to decide what they want to charge and how they want to run their company. Success and failure are dependent on themself and how they do overall.