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Why do command economies believe that an authoritarian system is more efficient than the price system for allocating scarce resources?
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History and experience have shown that economies become most efficient at converting resources into desired products when there is?
Economies are most efficient when there is competition.
What are the advantages and disadvantages of allocating resources through the public sector?
The advantage of allocating resources in the public sector is that resources can be produced based on demographic needs. The disadvantage of allocating resources is that there is room for corruption if the wrong individuals are chosen.
Efficiency of price mechanism in allocating resources?
Why the price mechanism is not always efficient at delivering public goods, merit goods and de-merit goods
Is a structure for allocating scare resources?
An Economic system
What is a structure for allocating scarce resources.?
An economic plan
History and experience have shown that economies become most efficient at converting resources into desired products when there is?
Economies are most efficient when there is competition.
All large modern economies have become mostly market economies because market economies provide?
the most efficient use of resources in producing what people want
What are the advantages and disadvantages of allocating resources through the public sector?
The advantage of allocating resources in the public sector is that resources can be produced based on demographic needs. The disadvantage of allocating resources is that there is room for corruption if the wrong individuals are chosen.
Efficiency of price mechanism in allocating resources?
Why the price mechanism is not always efficient at delivering public goods, merit goods and de-merit goods
Discuss the shortcomings of the market in allocating resources?
"Discuss the shortcomings of the market in allocating resources?" how the intervention of gov will attempt to correct the maket shortcoming?
Is a structure for allocating scare resources?
An Economic system
What is a structure for allocating scarce resources.?
An economic plan
Is a structure for allocating scarce resources?
An economic plan
How did the colonizers benefits from the colonies they controlled?
The colonizers used the resources of their colonies to grow their own economies.
Advantage and disadvantage of trying to plan and predict what people will demand and allocating a country's resources on that basis?
Advantage and disadvantage of trying to plan and predict what people will demand and allocating a country's resources on that basis?
What does Economics do with resources when it comes to the production and distribution of goods and services?
Allocating
What does economic do with resources when it comes to the production and distribution of goods and services?
Allocating
