The price mechanism
Автор: after the bell
Загружено: 2021-02-14
Просмотров: 3770
Описание:
The price mechanism helps to allocate goods and services efficiently through the incentive, rationing and signalling functions of prices. Market failure can mean that the price mechanism does not always provide an efficient allocation of resources. Despite this, there is an argument for extending the use of the price mechanism into areas such as charitable and voluntary activities.
#aleveleconomics #ibeconomics #aqaeconomics #ocreconomics #edexceleconomics #economicsrevision #pricemechanism
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