1) First of all, Ferraris are beautiful cars and luxurious which not many people cannot afford to buy them. On the eyes of economics the market system that governs our country which is capitalist gives many incentives for companies and for the buyers to best use their money. The first essential need for prices of Ferraris or any other type of property to go high or be worth more than what it really is, depends on how many people are willing of people to want those things.
Consequently, the system works as on how many people want to have a Ferrari as their personal property which regulates the market system. Second, in capitalist economy there is freedom of enterprise and choice, which gives entrepreneurs and….