Modern administrative theory is founded on the reality that free markets, left unregulated, can result in

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Marlie Randolph

Social Studies

11 February, 06:57

Modern administrative theory is founded on the reality that free markets, left unregulated, can result in

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Jaycee Chang · Answer 1

Modern administrative theory is founded on the reality that free markets, left unregulated, can result in low unemployment rate.

Free markets promote competition which results in innovation, efficiency and increased productivity. This in turn leads to a higher rate of economic growth and increase in GDP which leads to increased employment