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because it help you to have excess demand
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Why does a price based system works more efficiently than central planning?
because it help you to have excess demand
What does it mean when china is in transition?
The economy is moving from central planning to a market-based system.
List three reasons why a price-based system works more efficiently than central planning?
A price-based system works more efficiently than central planning because it allows for the dynamic adjustment of prices based on supply and demand, which signals to producers and consumers the relative scarcity of goods. This responsiveness leads to more efficient resource allocation, as businesses can quickly adapt to changing market conditions. Additionally, competition among producers fosters innovation and improvement in quality, further enhancing consumer choice and satisfaction. Central planning often suffers from information deficits and bureaucratic inefficiencies, hindering timely decision-making.
Relevance of central based theory in regional planning?
relevance of central based theory in regional planning
The economy of china is in transition .what does this mean?
The economy is moving from central planning toward a market-based system.
What does the economy of China is is in transition mean?
The economy is moving from central planning toward a market-based system.
How is rationing different from a price based system?
it uses criteria other than price and is the basis of central planning
How is rationing different from a price based market system?
it uses criteria other than price and is the basis of central planning
How is rationing different from a priced-based market system?
it uses criteria other than price and is the basis of central planning
How is rationing different from a price-based market system?
it uses criteria other than price and is the basis of central planning
How is rationing different from price-based market system?
it uses criteria other than price and is the basis of central planning
What is the best route app for planning multiple stops efficiently?
Google Maps is considered one of the best route apps for planning multiple stops efficiently. It allows users to input multiple destinations and provides optimized routes based on traffic conditions and other factors.
