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How does market and government differ in allocation of resources?
the difference in market and government occurs in the allocation of resources and labor division which determines the prices
When the market does not result in an efficient allocation of scarce resources economists call this?
market failer
Which system is used to deal with scarcity in the US?
market allocation
What prompts efficient resource allocation in a well-functioning market system?
A number of things will prompt efficient resource allocation in a well-functioning market system. The quantity and the price of the commodities are the main aspects.
What incentives are created under a market allocation scheme?
equal results for all
How does market and government differ in allocation of resources?
the difference in market and government occurs in the allocation of resources and labor division which determines the prices
What is the market cap for Clough Global Allocation Fund GLV?
As of July 2014, the market cap for Clough Global Allocation Fund (GLV) is $161,527,700.88
What is the market cap for Guggenheim Credit Allocation Fund GGM?
As of July 2014, the market cap for Guggenheim Credit Allocation Fund (GGM) is $163,210,633.18.
What is the market cap for BlackRock Credit Allocation Income Trust BTZ?
As of July 2014, the market cap for BlackRock Credit Allocation Income Trust (BTZ) is $1,482,969,692.40.
When the market does not result in an efficient allocation of scarce resources economists call this?
market failer
Which system is used to deal with scarcity in Australia?
Market Allocation.
Which system is used to deal with scarcity in the US?
market allocation
What prompts efficient resource allocation in a well-functioning market system?
A number of things will prompt efficient resource allocation in a well-functioning market system. The quantity and the price of the commodities are the main aspects.
What incentives are created under a market allocation scheme?
equal results for all
Describe the allocation of resources in market and mixed economic systems?
In a free market where the demand and supply of resources as return to factors are determined by market forces to determine the resource allocation usually owned by private Enterprise through price mechanism, although government control to some extent also determines the allocation of resources for auxiliary or subordinate production of goods and services in a mixed economic system by planning in the production possibilities by the scarce resource allocation .
What is an example of market as an allocation mechanism?
The market determines which products are available where. If one area is not interested in a product, it will not do well to sell it there.
What prompts efficient resource allocation in well functioning market system?
business operating for a profit
