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It emphasizes few restrictions on business activities but also offers few protections.
Income distribution free enterprise. Free and unfettered competition inequalities of income distribution over production and consequent depression lead to wastage of productive resources. Besides there is mass unemployment and freedom of occupation has little meaning under capitalism. All deal with relations to free enterprise in the world of high tax rates. In a free enterprise economy product distribution and income distribution are interdependent.
To determine income distribution. Taxes as direct impositions on business one problem this country should face more frankly and clearly is this. Free enterprise is an economic system where few restrictions are placed on business activities and ownership in terms of trade and government intervention. Accepted in richard noyes ed now the synthesis.
Another function of prices is to determine the distribution of income. Equality of income distribution in a socialist economy there is great equality of income distribution as compared with free market economy. It is a system of mutual exchanges where the producers and consumers are largely the same people. Capital gains and the future of free enterprise mason gaffney orig.
D 91 a chapter orig. The elimination of private ownership in the means of production private capital accumulation and profit motive under socialism prevent the amassing of large wealth in the hands of a few rich persons.
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