Mr Gerrard..... well what can i say about him??
in simple terms he is probably the best teacher ever.
In a market economy, resources are allocated to the production of goods and services on the basis of decisions made by individual businesses anticipating customer needs and desires. The communication
Some decisions are taken by the households ad firms, like in a free market economy. Whilst some decisions and resource allocation policies are set by the government.
Resource Pricing
Scarce resources are usually allocated to a given market system based on the demand. In most cases the resources are usually assigned to markets that have a great demand.
traditional economy: resources are allocated based on custom and traditionmixed economy:resources are allcoated based on mixed informtion given.command economy: resources are allocated by the government or other central authoritymarket economy: resources are allocated by individualsCommusim
It is allocated according the market equilibrium which is subjected to the changing market demand and market supply.
It is allocated according the market equilibrium which is subjected to the changing market demand and market supply.
In a market economy, resources are allocated to the production of goods and services on the basis of decisions made by individual businesses anticipating customer needs and desires. The communication
Some decisions are taken by the households ad firms, like in a free market economy. Whilst some decisions and resource allocation policies are set by the government.
the most efficient use of resources in producing what people want
Resource Pricing
well in simple terms........ if you dont do it you will get a zero!!!!
Scarce resources are usually allocated to a given market system based on the demand. In most cases the resources are usually assigned to markets that have a great demand.
traditional economy: resources are allocated based on custom and traditionmixed economy:resources are allcoated based on mixed informtion given.command economy: resources are allocated by the government or other central authoritymarket economy: resources are allocated by individualsCommusim
By the market mechanism...where they will be used most efficiently by those who can pay the price at equilibrium
Mr Gerrard..... well what can i say about him?? in simple terms he is probably the best teacher ever.
Mr Gerrard..... well what can i say about him?? in simple terms he is probably the best teacher ever.