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Q: How does price serve as an incentive in a market economy?
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Because prices serve as incentives in market economy What will be large increase in price of a good?

People would consume less of the good and look for substitutes. (study islands)


What purposes can a government serve in a market economy?

to protect the public and preserve private enterprises


What two purposes can a government serve in a market economy?

to protect the public and preserve private enterprises


What two purpose can a government serve in a market economy?

to protect the public and preserve private enterprises


The impact of capital market on foreign direct investment in nigeria?

capital market serve as a source of resource to multinationals that wish to source their finances locally, in other words the market provides means of finance to multinational companies, capital market can also serve as an indicator that can attract or repel FDI flow since it serves as a thermometer that measures the economy


How do prices serve as incentives in a market economy?

A market economy is one which is runned by market forces.In that,demand and supply are determined by consumers and not the central government or other associates.Whenever prices increase demand decreases and whenever price decreases demand increases.Suppliers decrease thier supply of a commodity whenever they increase prices and decrease thier prices whenever there is a surplus on the market.They do this to clear excess supply.Also,consumers tend to demand more of a product whenever there is an expexted price hike for a good and tend to demand less whenever they expect prices to decrease.make a person take an action


Look at Market Demand?

When choosing a degree, be sure to consider the demand of the market. You want to choose a degree that will be able to serve you after graduation. You should look at the economy and seek to discover what is in demand. By choosing a degree in a field that is in demand, you will have endless job opportunities.


What Is an Underlying Asset in binary options?

An option's underlying asset is a market traded asset, such as currency exchange rate, stocks or bonds, and market indices. Fluctuations in the market value of an underlying asset serve as the basis for the value of an option vis-à-vis an option's strike price.


How do you serve disable market?

with a scooter of course


Did open markets serve to stimulate the countries economy?

tralse


Does life have a price?

Yes, life has a price. Nothing is for free. The price is to serve God in this world.


Why was the state of Maryland settled?

It was created to serve as a haven for the English Catholic minority but it has always had a Protestant majority. It had a secondary incentive for its creation which was to make money.