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Resources can be allocated through various methods, including market-based allocation, where prices determine distribution based on supply and demand. Command allocation involves centralized decision-making by authorities to distribute resources according to specific goals. Additionally, resources can be allocated through participatory approaches, allowing stakeholders to engage in decision-making processes. Lastly, random allocation can be used for equitable distribution, often seen in lotteries or grants.
What else can I help you with?
Does accounting profit or economic profit determine how entrepreneurs allocate resources between different businesses ventures?
yes
How does the market allocate resources?
Through price mechanism...
How do prices help allocate resources between markets?
Prices help allocate resources between markets by serving as signals that indicate the relative scarcity or abundance of goods and services. When prices rise, it signals that a particular resource is in high demand and encourages producers to allocate more resources towards producing that good or service. Conversely, when prices fall, it signals that a resource is less in demand and may prompt producers to reallocate resources to other markets where they can earn higher profits. In this way, prices play a crucial role in efficiently allocating resources across different markets based on consumer preferences and market conditions.
What is objectives of planing economics?
As Market cannot allocate resources properly planning is needed to allocate resources in the most efficient manner, reduce inequality among the people, give adequate standard of living for all people. It was done in the Soviet Union.
The study of how individuals and governments allocate scarce resources in an attempt to satisfy unlimited wants is?
Economics
Does accounting profit or economic profit determine how entrepreneurs allocate resources between different businesses ventures?
yes
How does accounting profit or economic profit determine how entrepreneurs allocate resources between different business ventures?
yes
What do you call computers that allocate resources?
nodes
In a command economy the government does 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.
in a command economy the government do not do?
Allocate resources.
In a command economy what does the government do?
Allocate resources.
What are different ways of saying divide?
Different ways of saying "divide" include "split," "partition," "separate," "distribute," and "allocate." Each term can carry slightly different connotations depending on the context, such as "partition" suggesting a more formal division and "allocate" implying distribution according to a plan or need. Additionally, in mathematical contexts, "divide" can also be referred to as "fraction" or "ratio."
How does the market allocate resources?
Through price mechanism...
What are the different ways of wasting natural resources?
by notrecycleing
How can you save finite resources?
we can save resources in many different ways, but recycling is crucial
