garn350 garn350
  • 08-02-2020
  • Social Studies
contestada

Why is the price system a more efficient system for allocating scarce resources than by authoritarian means

Respuesta :

zuwairahdahir
zuwairahdahir zuwairahdahir
  • 08-02-2020

Answer:

The production of limited resources, thus lower costs and rising demand, will be increased by price levels and the capacity to make money.

Explanation:

The pricing mechanism assigns the markets in this system resources. A rise in demand increases prices and promotes firms using more resources for the product or service's manufacturing.

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