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Does the efficiency of the price mechanism ensure that market our based economy is an equitable one?
Wiki User
∙ 10y ago
In the market, prices ration away the shortages of highly desirable goods and the surplus of less desirable ones appearing. This suggests that the market place is very efficient as a means of allocation and distribution. On the other had, the distribution of goods and services may not be equitable. We may summarize by saying that the market entails both positive and negative aspects. The market place is often efficient, but not necessarily equitable.
Wiki User
∙ 10y ago
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What is the governments role in the economy of a country?
to ensure a good and equitable of income and wealth, to invest in case of a recession in order to boost up the econom
Families had to stay together to ensure the survival of everyone in what economy?
Traditional
What is the governments role in the economy of US?
Governments help ensure that the economy continually grows. A growing economy means that fewer people rely on government assistance to survive.
What economy includes a laissez-faire ideal with government involvement to ensure competition fairness and protects public interest?
mixed economy
What do for-profit organizations contribute to the economy?
The for-profit organizations contribute to the economy in various ways. They create employment and also ensure that they are offering goods or services so as to realize their profits. This helps in boosting the economy.
What is the governments role in the economy of a country?
to ensure a good and equitable of income and wealth, to invest in case of a recession in order to boost up the econom
What will ensure efficiency in the industrial sector of your county Nigeria?
privatisation
Can small claims court impose equitable relief?
Depending on the State in which you are filing your small claims suit, equitable relief is available. You will need to do your research on local and state civil codes to ensure the following info is accurate. But as of 2008 these are states that will NOT allow Equitable Relief.Below are a list of states that DO NOT offer Equitable Relief:COLORADOCONNECTICUTDISTRICT OF COLUMBIAHAWAIIINDIANAIOWA MAINEMARYLANDMICHIGANNEVADANEW YORKNORTH CAROLINANORTH DAKOTAOHIOTEXASVERMONTWASHINGTONWEST VIRGINIA
What is decentralisation of authority?
This is the process of devolution of power from one central point and distributing it to a wider scope of levels to ensure a equitable distribution of authority
What is joint expenditures?
this is the type of expenditures joined together to ensure a maximum efficiency in the business
How necessary is it to ensure efficiency and safety when working in the lab area?
don't build a lab area.
What steps can I take to increase the fuel efficiency of my automobile?
In order to get maxiumium fuel effeciency drivers should take several steps. First, ensure that all tires are inflated to the manufactuer reccomended levels. Low tire pressure can cause a loss of fuel economy. Also, drivers should ensure their intake is clean, as a dusty/dirty intake can limit the flow of air into the engine, causing a loss of fuel economy. Finally, owners should go to have their car inspected at a dealership at least once a year to ensure that everything is running properly and there are no issues with the engines, which can become damaged over time which can result in bad fuel economy. Also, cleaning out the inside of the car is a great option, as any unnecessary weight in the car will decrease fuel economy as well, the lighter the car, the greater the fuel efficiency. Accelerating slower is also helpful, the faster you accelerate, the worse milage you are getting.
Families had to stay together to ensure the survival of everyone in what economy?
Traditional
What economy includes a laissez-faire with government involvement to ensure competition fairness and protect public interest?
mixed economy
What economy includes a laissez- faire with government involvement to ensure competition fairness and protects public interest?
mixed economy
Explain why an organization controls it stock?
1. To ensure that costs level are low. 2. To improve efficiency. 3. To ensure high production. 4. To prevent theft.
SOPs should be organized to ensure?
The 'Standard Operating Procedures' should be organized to ensure that each employee understands their job and knows how to do their job. Ease and efficiency in use.
