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free market
In general, demand decreases as price increases, resulting in a form of rationing. (However, this effect varies widely among goods and services; for example, demand for gasoline decreases only slightly with increases in price.)
All resources are scarce.
economics
Resources are limited .
free market
In general, demand decreases as price increases, resulting in a form of rationing. (However, this effect varies widely among goods and services; for example, demand for gasoline decreases only slightly with increases in price.)
All resources are scarce.
All resources are scarce.
economics
Resources are limited .
What are all goods and services scarce
life
In a free market where the demand and supply of resources as return to factors are determined by market forces to determine the resource allocation usually owned by private Enterprise through price mechanism, although government control to some extent also determines the allocation of resources for auxiliary or subordinate production of goods and services in a mixed economic system by planning in the production possibilities by the scarce resource allocation .
the government
market failer
True. Because all resources are limited and become scarce.