Progressing into Free Market Economies

1048 Words Jan 28th, 2018 4 Pages
According to the 2013 Index of Economic Freedom, the United States ranks as No. 10 in the most free market countries, while Zimbabwe ranks No. 175 out of the 177 countries listed. (1) How are countries like Hong Kong, New Zealand, and the U.S. ranked so high? With social cooperation, income inequality, comparative advantages, freedom of trade, sound money, reductions in taxes and regulations, and protection of property rights, more markets in other countries will too progress into free market economies. Walmart is the largest chain of supermarkets in the United States today with over 3,000 stores located across the country. I have always liked buying from Walmart simply because it has the largest selection of a variety of goods at low prices. On the cereal aisle alone, there are eleven cereal brands: Quaker, Uncle Sam, Weetabix, Cap’n Crunch’s, General Mills, Kellogg’s, Kashi, Sunbelt Bakery, Post, Malt O-Meal, and Great Value. The bigger companies had sub-brands. Quaker had cereals like Life, Oatmeal Squares, Natural Granola, and Simply Granola. General Mills tied with Kellogg’s with the most types of cereal such as Cheerios, Chex, Lucky Charms, Trix, Fiber One, Golden Grahms, Wheaties, Total, Cocoa Puffs, Cookie Crisp, Hershey’s Cookies and Crème, Reese’s Puffs, Dora the Explorer, and Kix. Kellogg’s provided Frosted flakes, Froot Loops, Apple Jacks, Krave, Scooby Doo, Corn Flakes, Smorz, Fiber Plus,…
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