Write a short piece in your homework journal, 200-300 words describing the incident or condition explaining how it shows that free market, self-interested pursuit of profit brings about a worse-off condition for society.
Look at the news (a traditional newspaper such as the New York Times or Wall Street Journal, Google Business News, a news magazine, or video news show) where you can identify an example of market failure, where pursuit of profit brings about a worse-off circumstance, either for the economic actors or for society as a […]