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How do produces consumers and the government interact to allocate resources in a free enterprise system?
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In a command economy what does the government not do?
The government does not decide what goods consumers buy in a command economy.
Why is the price system a efficient way to allocate resources?
ensures that resource use will adjust relatively quickly to the changing demands of consumers
True or false Government steps in to allocate resources efficiently so that the country is operating on its production possibilities curve instead of under it?
hahahhaahhahahah
How does the market allocate resources?
Through price mechanism...
What is an advantage of using the market mechanism to allocate resources between alternative uses?
An advantage of the market mechanism over government intervention as a method of allocating resources is efficiency. The forces of demand and supply create automatic economic order.
In a command economy what does the government not do?
The government does not decide what goods consumers buy in a command economy.
In a command economy the government does not do?
Allocate resources.
In a command economy what does the government do?
Allocate resources.
in a command economy the government do not do?
Allocate resources.
In command economy the government does not do what?
Allocate resources.
What does government do in a command economy?
Allocate resources.
Why is the price system a efficient way to allocate resources?
ensures that resource use will adjust relatively quickly to the changing demands of consumers
What is the US job?
The US treasure's job is to control and allocate resources available for government use. They are also tasked with the duty of Budgeting and Forecasting on behalf of the government.
What are the functions of taxation?
To allocate resources ,serves as government expenditure ,helps in upgrading infant industries,helps in the development of the country etc
What is the us treasure's job?
The US treasure's job is to control and allocate resources available for government use. They are also tasked with the duty of budgeting and forecasting on behalf of the government.
What do you call computers that allocate resources?
nodes
True or false Government steps in to allocate resources efficiently so that the country is operating on its production possibilities curve instead of under it?
hahahhaahhahahah
