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Markets function efficiently due to the interaction of supply and demand, where prices adjust to reflect the availability of goods and the willingness of consumers to purchase them. This dynamic allows for resources to be allocated optimally, as information about prices and product availability is quickly disseminated among participants. Additionally, competition among sellers ensures that prices remain fair and incentivizes innovation and quality improvements. Overall, the collective actions of informed buyers and sellers contribute to an efficient market environment.
What else can I help you with?
Primary markets can not function well without secondary markets?
Primary markets can not function well without secondary markets
How do you explain how markets function?
explain how markets function and discuss what can case markets to fail?
When markets or governments make economic decisions about how to most efficiently convert their resources into goods and services what basic economic question are they answering?
The question markets or governments are answering when they make decisions about how to efficiently convert resources in to goods and services is How to Produce? This is part of a planned economy which tries to improve productivity.
Why did we need new markets for American goods?
So America can advance in the technology for farming so we can make our goods and food more efficiently
Why are policy makers more concerned about the financial market than other markets such as the automobile or computer markets?
A working financial market is essential for all other sectors of the economy to function.
Primary markets can not function well without secondary markets?
Primary markets can not function well without secondary markets
How do you explain how markets function?
explain how markets function and discuss what can case markets to fail?
How can a need become a want?
When you are no longer able to survive or function efficiently without the thing in question.
When markets or governments make economic decision about how to most efficiently convert their resources into goods and service what basic economic question are they answering?
Markets or governments make economic decisions about how to most efficiently convert their resources into goods and services. The basic economic question that is being answer is how to produce.
Distinguish between the rational function and the allocation function of price system?
allocative function of price: to direct resources away from overcrowded markets and towards markets that are underserved. Rationing function of price: to distribute scare goods to those consumers who value them most highly
What is the function of a sewing machine?
its function to sew fabrics or other materials quickly, efficiently and precisely.
TO function most efficiently a cell must be?
any size
When markets or governments make economic decisions about how to most efficiently convert their resources into goods and services what basic economic question are they answering?
The question markets or governments are answering when they make decisions about how to efficiently convert resources in to goods and services is How to Produce? This is part of a planned economy which tries to improve productivity.
What are the important economic function performed by the derivative markets?
loos madha
What is the ability of the body to function successfully and efficiently during?
physical fitness
What size must a cell be to function most efficiently?
Small, darlin' (:
Why do cells need in order to keep alive and function efficiently?
Oxygen and nutrients
