garn350 garn350
  • 08-02-2020
  • Social Studies
contestada

Why is the price system a more efficient system for allocating scarce resources than by authoritarian means

Respuesta :

zuwairahdahir
zuwairahdahir zuwairahdahir
  • 08-02-2020

Answer:

The production of limited resources, thus lower costs and rising demand, will be increased by price levels and the capacity to make money.

Explanation:

The pricing mechanism assigns the markets in this system resources. A rise in demand increases prices and promotes firms using more resources for the product or service's manufacturing.

Answer Link

Otras preguntas

Why did the colonists fortify Breed's Hill
If three times a number minus 2 equals 13, what is the number?
Explain how you know that 21/30 is greater than 2/3.
an ice cream factory makes 140 quarts of ice cream in 10 hours. What was the rate per day?
from act 4.3 of The Tragedy of Julius Caesar Which value does Brutus illustrate in his reaction to his wife, Portia’s, death?
Who successfully led the British Parliament during the French and Indian War?
2. A 91 square foot bathroom has a length of 13 feet.
In mammals the powerful muscle that aids in breathing is the A. diaphragm. B. kidney. C. cerebrum. D. placenta.
What does Blitzkrieg mean?
Of the muscles listed, which is found in the upper body? A. pectorals B. glutes C. gastrocnemius