Economic Systems-The Role of Markets in Allocating Resources Unit 2 Resource Allocation
Автор: Economics IGCSE for Dummies by Christina Nakhoul
Загружено: 2021-09-30
Просмотров: 3643
Описание:
This section examines How a market system works; including buyers, sellers, allocation of scarce resources, market equilibrium, and market disequilibrium.
Establishing that the economic problem creates three key questions about determining resource allocation – what to produce, how, and for whom.
How the price mechanism provides answers to these key allocation questions.
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