Free Market Economies and the Automotive Industry Introduction Many theorists, articles and books are of the opinion that the free market economies are the most efficient manner in which resources can be adequately allocated and therefore they consider it to be the best form of economy in the world ( Sloman and Wride , 2009). Free markets are said to function on an autonomous basis, which is why many of the developed countries around the world use such a system as they feel that it requires the least amount of intervention from governments and monetary bodies. However even these countries are not free of market intervention and many of the economies around the world adopt a mixed economy, thereby making it somewhat equally popular and the...The end:
.....s will be more costly and less efficient. REFERENCES Barone , D.F., Hersen , M. & Van Hasselt , V.B. (1998/2004). Advanced personality. New York , NY Springer Nee, V. (1992), ‘Organisational dynamics of market transition: Hybrid forms, property rights, and mixed economy in China’, Administrative Science Quarterly, 37 (1), pp. 1-27. Previn , L.A. (2008). Personality theory and research. (10th ed.). New York , NY Wiley, John & Sons, Inc. Sloman , J. and Garratt , D. (2010), Essentials of Economics, Harlow, Essex: Pearson Education. Sloman , J. and Wride , A. (2009), Economics, Harlow, Essex: Pearson Education. von Brabant, J. (1991), The Planned Economies and International Economic Organisations, Cambridge: Cambridge University Press.