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– Nelson Mandela

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Free market

Free market

Q 1.) John Stossel says the free market creates more winners than losers. Is it worth having free trade even if some people lose? Do we need restrictions on trade? Why or why not? 2.) Explain "free market" and "free trade." 3.) Is it wrong for companies to hire workers overseas instead of in our own country? Why or why not?

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Free market can be considered as a perfect domestic market where there is no government intervention and all of the costs, decisions, and prices that are based on the different market forces of demand and supply. On the other hand, the free trade suggests a trade policy, which does not restrict any kind of exports or imports.