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What is an exception to the general idea that markets lead to an efficient allocatoin of resources?
Wiki User
∙ 9y ago
imperfect competition - novanet
Wiki User
∙ 9y ago
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What is an exception to the general idea that markets lead to an efficient allocation of resources?
Imperfect Compitition
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
What are the 3 productive resources?
The general economic resources are the factors of production which are land, labor, capital and entrepreneurship. To produce goods, workers, raw materials, equipment and organizers are the required resources.
What is the difference between East Asian state guided economics and American market driven economics?
East Asian state guided economy focuses on product development for example: How to build a fuel efficient car to open market and increase profit. American market driven economy focuses on making profits and puts less focus on product development for example: Instead of developing a fuel efficient car, the General Motor will choose to purchase a foreigh car company such as Saab of Sweden in order to increase profit.
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 is an exception to the general idea that markets lead to an efficient allocation of resources?
Imperfect Compitition
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 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 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 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.
