Module 1 introduces how markets work. Explore this question: How is it that anyt
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Module 1 introduces how markets work. Explore this question: How is it that anything gets done if the government is not running the economy? Write a short essay explaining how decisions are made in a market economy and how the invisible hand of incentives can generally lead to an efficient and productive economic system. What are some reasons why markets might fail, necessitating government intervention into the economy? Last, give a brief evaluation of the free market economic system, both in terms of efficiency and equality.
The essay should be 400-500 words in length
All outside sources should be cited in APA format