should supply and demand determine who has food, housing, and medical care? Explain in 300 words

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Robert · Accepted Answer

Supply and demand are two forces in a free market which decides the final equilibrium 
quantity which is actually traded in the market. Free market mechanism does not consider the 
importance of necessity goods and the equitable distribution and accessibility by poor people. 
In case of food, shelter and medical services, supply and demand should not be the only 
criteria for determining the equilibrium quantity to be traded in the market.  In these goods 
and services market, free market forces would determine the production quantity of goods 
who are willing to pay that much and can afford to pay that price. Therefore,

should supply and demand determine who has food, housing, and medical care? Explain in 300 words

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