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How do the dynamics of the market for factors of production differ from the market for goods and services?
The market for factors of production involves the buying and selling of resources like labor, land, and capital, while the market for goods and services involves the buying and selling of finished products. In the factors of production market, prices are determined by supply and demand for resources, while in the goods and services market, prices are determined by supply and demand for the final products.
What determines the prices of goods and services in the product market?
Supply and demand. Supply and demand determines the prices of goods and services in the market.
Why are command economies less efficient the market economies?
the competition in the market economies encourages both qyality and low prices.
What best describes an increase in the general market prices of goods and services?
Inflation
What are the components of a free market economy?
A free market economy is a market based one. The prices of goods and services are determined independently in a free market.
How do the dynamics of the market for factors of production differ from the market for goods and services?
The market for factors of production involves the buying and selling of resources like labor, land, and capital, while the market for goods and services involves the buying and selling of finished products. In the factors of production market, prices are determined by supply and demand for resources, while in the goods and services market, prices are determined by supply and demand for the final products.
What determines the prices of goods and services in the product market?
Supply and demand. Supply and demand determines the prices of goods and services in the market.
The efficient market hypothesis deals primarily with?
the degree to which prices adjust to new information
How would you define efficient security markets?
The efficient security markets can be defined as a market whereby the prices of the securities fully reflect all the public information at all times. The market efficiency does not require that the market prices be equal to that of the true value at every point in time.
How do most investors earn in an efficient market?
Most investors earn in an efficient market by buying and selling assets at fair prices based on available information, rather than trying to outsmart the market.
Why are command economies less efficient the market economies?
the competition in the market economies encourages both qyality and low prices.
What is an efficient market and what are the implications of efficient markets for us?
An efficient market is the one that has stock prices which reflect al the information that is relevant and available. The implications of efficient markets is that they clearly advise on the investment options one has in terms of stocks and shares.
What best describes an increase in the general market prices of goods and services?
Inflation
What are the components of a free market economy?
A free market economy is a market based one. The prices of goods and services are determined independently in a free market.
How are market economies similar to command economies?
The similarities between command economy and market economy include the following: both have - producers, consumers, retailers, goods, services, prices, incomes, distribution, money, labor, capital, technology,
Why are command economies usually less efficient than market economies?
The competition in market economies encourages both quality and low prices.
Why are commanded economies usually less efficient than market economies?
The competition in market economies encourages both quality and low prices.
