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

General partnership as business structure, Rene's decision In 2004, Rene...

Rene's decision In 2004, Rene opened his shop with only one full-time employee. Since then Rene has added two general partners and greatly expanded the operation. Over the past

Service quality model, One of the best models on service quality has bee...

One of the best models on service quality has been presented by three persons viz. Valerie A. Zeithaml A. Parasuraman and Leonard L . Beery. The gaps that are shown in

Joint negotiating panel and dual recognition, Question 1: (i) Define a...

Question 1: (i) Define a "bargaining unit". (ii) What are the factors, advocated by the Code of Practice of the Industrial Relations Act, 1973 which should be taken into a

Business and cultural environments, a) Illustrate that a range of methods a...

a) Illustrate that a range of methods and techniques have been applied in demonstration of Way the market forces shape organisational forces        b) Judge how the business and c

Telecommunication networks helps educational administrators, QUESTION P...

QUESTION Problem solving lies at the heart of educational administration. Daily, problematic situations, emerging from the complex and unpredictable nature of the school enviro

Business communication in retail business, This final project is a case stu...

This final project is a case study worth 35% of the final grade for this course. Submission is mandatory, at the end of Module 10. Although this case has been designed to integrate

Business continuity, My response to both questions was yes. I an of the vie...

My response to both questions was yes. I an of the view that if the purchase of a cell phone is required to ensure business continuity, every one should key into the decision.

Explain the term ethical dilemma and how to deal with it, QUESTION 1 (a...

QUESTION 1 (a) Define the term management by objectives (MBO) and outline its unique features (b) Enumerate and explain the two main organizational structures? QUESTION

International Business, What measures can be utilized to control subsidiari...

What measures can be utilized to control subsidiaries that are less than 100 percent owned by the firm or joint venture partners in which the firm has no ownership?

Listing the competency or skills gaps, John was hired to the company as an ...

John was hired to the company as an Assistant Brand Manager 2 years ago, and is a high potential employee. John was hired directly after graduation from an MBA program at a prestig

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd