i do not know the answer to your very confusing question.. but did you know??? that to make honeycomb.. you need: * 1 cup of white sugar. * 2 tablespoons of water * 3fried forgs * 4 elephants * and a chestnut on a pear tree. To make honeycomb you must: * stand in the middle of a lightening storm whilst flying a kite. * Attach the cup of white sugar to the kite and let the 4 elephants hold on to it. * Get the 3 fried frogs and the chestnut from the peartree, add the 2 tablespoons of water and stir for 3-4 minutes on medium (use an electric beater). * Then get all of the ingredients and put them in front of a bus and say these words whilst holding your head between your legs.. 'oh almighty jesus, may you bring down the heavens and angels to help me on this journey to make this honeycomb!!!' * If the almighty jesus replies, you'll be eating your honeycomb!! * ...ENJOY...
Market economy functions under the price mechanism. Prices of goods and serviced are determined by the interaction of demand and supply forces.
how does the market mechanism solve the basic problem of free market economy?
A mixed economy can use the price mechanism to solve basic economy problem by eliminating a surplus if there is a surplus of goods causing the problem. This will cause the market price of those goods to drop. The price mechanism can also be used to expand suppliersâ?? production of a certain good when prices are rising because there is a high customer demand for that good.
By the market mechanism...where they will be used most efficiently by those who can pay the price at equilibrium
The market is the mechanism that brings together households and firms.
In a pure market economy, producers and consumers have the freedom to make their own economic decisions, without those decisions being guided or dictated by a central controlling mechanism.
Market economy functions under the price mechanism. Prices of goods and serviced are determined by the interaction of demand and supply forces.
how does the market mechanism solve the basic problem of free market economy?
A mixed economy can use the price mechanism to solve basic economy problem by eliminating a surplus if there is a surplus of goods causing the problem. This will cause the market price of those goods to drop. The price mechanism can also be used to expand suppliersâ?? production of a certain good when prices are rising because there is a high customer demand for that good.
What is technology in market mechanism?
By the market mechanism...where they will be used most efficiently by those who can pay the price at equilibrium
The market is the mechanism that brings together households and firms.
Growth in Free Market Economy is achieved because a free market can allocate resources much more efficiently than can a controlled economy. Also the free market has a profit/loss price mechanism whereas a controlled economy does not. This sets the controlled economy up for what is called the economic calculation problem, in which the command economy does not know which way to best allocate resources, since the only way you can find this out is through a price mechanism in which your guide is the profit/loss system, instead of arbitrary guesses by bureaucrats. It is also because a free market allows for private property rights, which eliminates the problem known as the tragedy of the commons.
Market Economy.
Prices are a mechanism by which commodities are efficiently allocated in ideal conditions; prices send a signal about the value of a commodity.
There are quite a number of similarities between micro and macro economics. Both are studies of different facets of the economy with micro-economy analyzing mechanism in the market and macroeconomics looking at government policies in the market among other things.
Almost every country has a market economy; North Korea still has a command economy. WRONG^^ U.S. is rumored to be a market economy, but there are not pure market economy.