Consumers, Workers, and Monopolies: Free Markets Serve All
Consumers aren’t a section of society; they are not different from others. Anyone who buys goods and services is simply a consumer. In a modern economy, a consumer can buy goods and services with help of a tool called money.
Undoubtedly, money is a very important tool, and it is money that assures a basic consumer right. Even producers and sellers are consumers in their day-to-day lives. Importantly, everybody is a consumer. Therefore, consumers need more importance, as they include everyone.
It is not that workers are unimportant, and that we shouldn’t care about them. For example, in a country with a huge youth population like India, the worker-population ratio is around 38.2 percent, according to the 2019–20 PLFS data. This is the percentage of workers in the Indian population. So, it is really important that workers in a nation also live a good life. But to assure them a good life, we need to give workers liberty.
Freedom can help the working class. Freedom to change their firms, freedom to invest their money in any way they want to, freedom to get involved in entrepreneurship, and freedom to do what they want to! Liberty is assured in none other than a system like the free market. Economically, the free market is superior, but morally, it is also superior to any other system. It is important that there is ease of business, that no
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