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Is allocating scarce resources through the price mechanism in a pure capitalistic economy will ensure the fairest usage of resources true or false?
Wiki User
∙ 14y ago
That depends on the meaning of the term "fairest". The true argument for a purely free market is not the "fair" usage of resources but the right of each man to use their own resources in accordance with their own reasoning about their lives. If you put a "fair" use of resources above that right you condemn mankind to slavery to whoever gets to define this concept.
Wiki User
∙ 14y ago
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How are resources allocated under a capitalistic economy?
By the market mechanism...where they will be used most efficiently by those who can pay the price at equilibrium
Is not a characteristic of a capitalistic economy?
government control of production and resources...A+
What is the role of prices in allocating resources in a market economy?
This is from P.47 . right ?
What is included in mixed economy?
Mixed economy included Capitalistic economy and also Socialistic economy. Capitalistic economy for profit earning and socialistic economy for social welfare.
List a variety of strategies for allocating scarce resources?
Rationing, price control, command economy, reservation for privileged classes like handicapped
How are resources allocated under a capitalistic economy?
By the market mechanism...where they will be used most efficiently by those who can pay the price at equilibrium
Is not a characteristic of a capitalistic economy?
government control of production and resources...A+
What is the role of prices in allocating resources in a market economy?
This is from P.47 . right ?
How would you describe a capitalistic system?
A capitalistic system is an economic system based on private ownership of the means of production and the pursuit of profit. In a capitalistic system, individuals and businesses are free to compete in the marketplace, determining prices and allocating resources. This system operates on the principles of supply and demand, with minimal government intervention in the economy.
Capitalistic economy of India?
No. India is a mixed economy , a combination of capitalistic and socialistic economies
What is included in mixed economy?
Mixed economy included Capitalistic economy and also Socialistic economy. Capitalistic economy for profit earning and socialistic economy for social welfare.
Is Finland a capitalistic economy?
Yes.
List a variety of strategies for allocating scarce resources?
Rationing, price control, command economy, reservation for privileged classes like handicapped
What economic system is Italy?
capitalistic economy
What are the four degrees of competition that exist in a capitalistic economy?
The four degrees of competition that exist in a capitalistic economy are: perfect competition, monopolistic competition, oligopoly, and monopoly.
What is the emphasis in the US with regard to the type of economy?
A free market (capitalistic) economy.
What is the economy type in china?
capitalistic economy
