0
What is an exception to the general idea that markets lead to an efficient allocation of resources?
Wiki User
∙ 12y ago
Imperfect Compitition
Wiki User
∙ 12y ago
Add your answer:
Earn +20 pts
What is an exception to the general idea that markets lead to an efficient allocatoin of resources?
imperfect competition - novanet
What are the economic and economic factors affecting industrialization?
Economic factors affect industrialization as production input resources of capital,labour,interprise and land,however non economic factors of social and political intervention to direct the choices of consumption in production of goods and services,allocation of resources as a tool of capitalist hegemony in the doctrine of general equilibrium. It assumes that the normal condition of society is for the state to play as little a role in economic life as possible, because the market is part of human nature and the most efficient form of economic organization. The theory, therefore, has a role in legitimizing capitalist hegemony. The socialist economy in industrialization stresses on planning in allocation of resources for production of goods & services for the welfare & well being of the people.
What do firms depend on to supply capital labor customers new technology services and products stable markets and legal systems and general educational resources?
environments
Why is what to produce a problem in every economy?
What to produce?There are two aspects of this problem--- firstly, which goods should be produced, and secondly, what should be the quantities of the goods that are to be produced. The first problem relates to the goods which are to be produced. In other words, what goods should be produced? An economy wants many things but all these cannot be produced with the available resources.Therefore, an economy has to choose what goods should be produced and what goods should not be. In other words, whether consumer goods should be produced or producer goods or whether general goods should be produced or capital goods or whether civil goods should be produced or defense goods. The second problem is what should be the quantities of the goods that are to be produced.Production of goods depends upon the use of resources. Hence, this problem is the problem of allocation of resources. If we allocate more resources for the production of one commodity, the re­sources for the production of other commodities would be less.
Why is to produce a problem in every economy?
What to produce?There are two aspects of this problem--- firstly, which goods should be produced, and secondly, what should be the quantities of the goods that are to be produced. The first problem relates to the goods which are to be produced. In other words, what goods should be produced? An economy wants many things but all these cannot be produced with the available resources.Therefore, an economy has to choose what goods should be produced and what goods should not be. In other words, whether consumer goods should be produced or producer goods or whether general goods should be produced or capital goods or whether civil goods should be produced or defense goods. The second problem is what should be the quantities of the goods that are to be produced.Production of goods depends upon the use of resources. Hence, this problem is the problem of allocation of resources. If we allocate more resources for the production of one commodity, the re­sources for the production of other commodities would be less.
What is an exception to the general idea that markets lead to an efficient allocatoin of resources?
imperfect competition - novanet
Which green models are more energy efficient Maytag or General Electric?
General Electric has many models that are more energy efficient than Maytag.
What are 4 similarities between South America and Mexico?
Language (with the exception of Brazil), religion (mostly catholic), family-oriented values in general, most resources being exploited by non Latin American companies.
What Difference between exception and assertion?
Exception means not included in general sense. Any subject an ve connotaion in general with few exeption. Assertion means asserting one's authority
What does the general fund enterprise business system provide with the army?
Modernization of the Army's financial and accounting processes Sharing of financial data across the Service More efficient use of Army resources All of the above
What does the General Fund Enterprise Business System provide the army with?
Modernization of the Army's financial and accounting processes Sharing of financial data across the Service More efficient use of Army resources All of the above
What is earths exception to the general pattern of the solar system?
rings of saturn
What is the general affect of technology in the world?
the general effect is commonly that people begin to become more demanding. as things get better and more efficient, people want things even better and more efficient.
What are some ways of conservation in general?
Conservation means sustainable and efficient utilization of resources .for this we must always keep in consideration of our future generation. Thus, it is necessary to use the resources more efficiently without any wastage.Population control is also essential for a long term sustainability of natural resources.Non-renewable resources are the most important resources to be conserved because if once they are exhausted they cannot be renewed or may take a millions of years to form.
What freezer is the most energy efficient?
General Electric have energy efficient models that you can purchase for just a fraction more in price.
What is an exception?
The noun exception is a singular, common, abstract noun; a word for a person or thing that is excluded from a general statement or does not follow a rule, something that cannot be included in a general statement. In computer programming, the term exception is shorthand for the phrase "exceptional event", which occurs during the execution of a program, that disrupts the normal flow of the program's instructions.
Humans are always on the move but in general they tend to settle by?
Near necessary resources.
