Allocation function, Microeconomics

Allocation Function

The shifting or reallocation of production property into or out of markets based on shifts in prices for the products or services produced in that market. If price moves in a technique that indicates an increase in requirement, more firms may try to enter that market and gives a supply to meet that requirement.  Conversely, if price shifts in such a way that demand looks to be diminishing, several firms may choose to leave the market and direct their resources elsewhere.

Posted Date: 10/15/2012 2:19:43 AM | Location : United States







Related Discussions:- Allocation function, Assignment Help, Ask Question on Allocation function, Get Answer, Expert's Help, Allocation function Discussions

Write discussion on Allocation function
Your posts are moderated
Related Questions
impact of computer technology on nigerian economy

National income: The national income or product or expenditure provides a measure of total value at factor cost of final goods and services, which are available either fo

when does market equilibrium occur?

Maurice has the following utility function: U (X; Y ) = 20X + 80Y ?? X2 ?? 2Y 2 where X is his consumption of CDs, with a price of $1, and Y is his consumption of movie videos, wit

large firms charge the price which is higher than the small firms, contruct the diagram

what is the application of consumer surplus



what do you understand by demographic window acess by india

Environmental economics goes back to the 19th century. Economists who research the planet are mainly worried with the idea of externalities, rare organic sources, and with the pro