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Old 10-31-2009, 06:12 PM   #7 (permalink)
Gabo
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Join Date: Aug 2007
Location: Los Angeles
Posts: 490
Gabo will become famous soon enough
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I think one of the most important things you must do is define a free market economy and a state-run economy. Many people have different views of what each of those things are, so you should be sure to state which definition you will use. I would personally recommend the following definitions (or similar):

A free market economy is a social structure where each individual owns property and labor, and voluntarily trades their property and labor with others to make themselves better off.

A state-run economy is a social structure where one individual or group (the "state") forces individuals to trade their property and labor with each other as the state sees fit.
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