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The advantage of allocating resources in the public sector is that resources can be produced based on demographic needs. The disadvantage of allocating resources is that there is room for corruption if the wrong individuals are chosen.

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What are the advantages and disadvantages of postal orders. A?

advantages is that when u'll send letters... u'll have the human element... itz kind of nice to get a letter from ur loved ones and handwriiten... disadvantages are slow... hv bigger possibility of the letters to get lost... but even though u order something through online service... u still need to get the items... through postal service..


Is allocating scarce resources through the price mechanism in a pure capitalistic economy will ensure the fairest usage of resources true or false?

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.


What are some of the ways in which the government is involved in the economy What are the advantages and disadvantages of governmental involvement?

The government is involved in the economy through regulation, taxation, public spending, and provision of public goods and services. Advantages of government involvement include the stabilization of the economy, protection of consumers and the environment, and the provision of essential services that may not be profitable for private entities. However, disadvantages can include inefficiencies, bureaucratic delays, and potential for overreach or misallocation of resources, which can stifle innovation and competition. Balancing these roles is crucial for promoting economic growth while safeguarding public interests.


Advantages and disadvantages of computers in the 21st century?

Advantages of computers in the 21st century include increased efficiency in tasks, access to vast amounts of information through the internet, and improved communication through email and social media. Disadvantages include potential security risks such as hacking and data breaches, over-reliance on technology leading to decreased critical thinking skills, and the digital divide, where certain populations lack access to technology and are therefore at a disadvantage.


What is established on a graph when the supply and demand line cross?

From 12th grade Economics, I can say that that point is called equilibrium. that is the point where both supply and demand's needs are met. If the point is above the supply and demand lines, It is inefficient and is only reached through new breakthroughs like technology, more workers, etc... and if the point is below where both lines meet, resources are being used inefficiently. Economics is the study of allocating scarce resources, after all.

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