Describe how market capitalist systems tend to generate efficient allocations of resources. Is efficiency an important goal
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Describe how market capitalist systems tend to generate efficient allocations of resources. Is efficiency an important goal for economic systems and policy makers?
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Market capitalist systems tend to generate efficient allocations of resources through a combination of competition price mechanisms and profit incentives Efficiency is indeed an important goal for eco...View the full answer
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Related Book For
Introduction To Economics Social Issues And Economic Thinking
ISBN: 9780470574782
1st Edition
Authors: Wendy A. Stock
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