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

Ask an Expert

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

Write your message here..

Related Questions

Marginal product theory, Marginal Product Theory a.    What is the MC ... Marginal Product Theory a.    What is the MC of output in the short-run? b.    What is the MC of labor (employed)? c.    What is the short-run profit-maximizing decision

Global Competition, The distinction between supply and the quantity supplie... The distinction between supply and the quantity supplied is best made by saying that

Evaluate the equilibrium price and quantity, Evaluate the equilibrium price... Evaluate the equilibrium price and quantity (a) Find the equilibrium price and quantity (b) If government in trying to control the price of the good fixes the price at c550

Impact of globalization on local states, I have an article about 40 pages l... I have an article about 40 pages long that''s needs to be read and then a discussion question. The post has to be 35-40 lines. I will have to send/ attach the article

Discuss shortnote on morality and ethics , Economics and Ethics : Morality ... Economics and Ethics : Morality and ethics are powerful motivations to behavior.  Thouh, economists suppose that rationality is a function of demonstrable self-interest.  That mean

Oligopoly, characteristics and models of oligopoly by Sweezy,cournot and ed... characteristics and models of oligopoly by Sweezy,cournot and edgework

Calculate marginal costs and Pbook-estimated market price, Question Yo... Question You are the COO at PineApple, a company that produces notebook computers for business people. The company has just developed a new model - Pbook. For production of P

Average product of a factor - short period analysis, Average Product (AP) o... Average Product (AP) of a Factor: The productivity of a factor is often seen in terms of its average contribution. Although not very important in the theoretical discussions,

Micro, The prevention of major swings in economic activity can be handled m... The prevention of major swings in economic activity can be handled most easily by the

Strategic importance of supply chain management, Strategic Importance of Su... Strategic Importance of Supply Chain Management This describes the scope of supply chain management (SCM), including the management of procurement, logistics and materials. It