Comment on the degree to which a market economy establishes liberty for individuals. Using ideas from the Circular Flow Model, with injections and leakages, include comments on the role of the government, financial institutions such as banks, and the international market in protecting liberty for individuals. Consider the role of households in the Circular Flow. Make at least three points and discuss them in a paragraph.

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03-02-2021
Business

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Comment on the degree to which a market economy establishes liberty for individuals. Using ideas from the Circular Flow Model, with injections and leakages, include comments on the role of the government, financial institutions such as banks, and the international market in protecting liberty for individuals. Consider the role of households in the Circular Flow. Make at least three points and discuss them in a paragraph.

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