Allocation of country resources to the price mechanism, Business Management

Assignment Help:

What are the benefits of leaving the allocation of country resources to the price mechanism?

Ans) The main conditions needed are:

1. Either a finite number of agents or goods.

2. No externalities - That is, the consumption of one person should not harm or advantage anyone else.

3. No matter how much a one is consuming, they must be capable to be made slightly happier by consuming a bit more of something.

Related Discussions:- Allocation of country resources to the price mechanism

Materials quality control, The manufacturing of nay product requires the ...

The manufacturing of nay product requires the use of raw materials of semi finished materials which are further processed to produce the finished product. In some product.

B, #quesExplain the different delivery styles that speakers can select for ...

#quesExplain the different delivery styles that speakers can select for their presentation.tion..

Write the importance of edi, Question 1 What are the difficulties and or i...

Question 1 What are the difficulties and or issues of e-Commerce? Explain Question 2 What is Firewall? Explain how it works as a packet filters Question 3 What are the methods

Why is the wbs important for the planning stage, QUESTION (1) The proje...

QUESTION (1) The project lifecycle refers to a logical sequence of activities to accomplish the project's goals and objectives. Elaborate on these basic phases using and exampl

Help, Can I work here as assignment writer?

Can I work here as assignment writer?

Describe the role of the secretary, Question 1: As our society becomes ...

Question 1: As our society becomes increasingly diverse, the ability to communicate with members from other cultures becomes a business necessity. Explain four intercultural di

Leadership skills in decision making, QUESTION Explain the followings t...

QUESTION Explain the followings terms with examples- a) Crisis Problems, Structured Problems, Unstructured Problems b) Ethics in decision making c) Leadership skills i

Hospitality and tourism market, hi, Can I ask you that my ticket ID EM2018...

hi, Can I ask you that my ticket ID EM201856MAI611BM, I got an offer yesterday and I just finish payment few more minutes ago. So can I get solution on time or no? Thank you to t

Greening an organisation, what is greening an organisation and the factors ...

what is greening an organisation and the factors that might affect the greening of an organisation.

Departmental, Define the departmental, long-term and non-economic manageria...

Define the departmental, long-term and non-economic managerial decisions. Departmental, Long-term and Non-Economic decisions: In long term decisions, there time period en

Write Your Message!

Name

Email id

Message

Verfication Code

User Account

All Pages