Advantages of using price as an allocating mechanism are that it's a basic system and is already well-known. Other advantages are that it's easy to understand and the principles are universal in nature.
what is the advantages and disadvantages of price legistlation
flexibility
Consumers are willing to pay a higher price for a good, so producers manufacture more of the good.
There are quite a few advantages and disadvantages of fuel price hikes. One disadvantage is that less fuel is purchased bringing in less money.
The advantages of using price as an allocating mechanism include that it is a simple system and it is already known. Two other advantages are that it is easy to understand and it is universal.
Advantages of using price as an allocating mechanism are that it's a basic system and is already well-known. Other advantages are that it's easy to understand and the principles are universal in nature.
what is the advantages and disadvantages of price legistlation
advantages of price level accounting
The average price of pendant lighting is about one hundred bucks, but the prices rang anything from twenty all the way to three hundred or four hundred bucks.
Four Price was born in 1968.
flexibility
cheaper price
some eat cheese
Consumers are willing to pay a higher price for a good, so producers manufacture more of the good.
What_are_the_advantages_and_disadvantages_of_price_level_accounting
price mechanism is hte demand and supply of goods and services