The two strands of the conservative thought have ostensibly different views on how the society ought to be organised. The paternalistic strand derives from the 18th century based on an organic society...
Explain how resources are allocated in reference
An economic system is the result of individuals (consumers and producers), groups (firms, trade unions, political parties, families etc) and the government coming together and interacting in a legal a...
A free market is a market that is free from government interference, prices rising and falling in accordance with supply and demand. (Oxford Dictionary of Finance and Investment, 2005) In a free marke...