If a price control causes a surplus the market will become inefficient because:
1. The producer will manufacture the same amount of goods as he did previously but the surplus will increase its cost and the goods will not be sold in the market, it will result in the wastage of goods and resources if they are kept in one place for a long time.
2. The surplus will cause an equilibrium in the market in terms of supply and demand.
3. If the goods are not sold in the market for a long time, it will stop the circulation of money.
Meaning of Inefficiency :
It means the lack of ability to achieve a certain goal without wasting energy, resources and time.
Initially, white colonists viewed Native Americans as helpful and friendly. They welcomed the Natives into their settlements, and the colonists willingly engaged in trade with them. They hoped to transform the tribes people into civilized Christians through their daily contacts.
According to Stewart et al. (2013), there is no universally accepted definition of response generalization, and many definitions take into account physical resemblance across stimuli, which is not necessarily true of language's generativity. In general, it is more of an explanatory fiction and doesn't demonstrate the generativity of language. According to Stewart et al., derived relational response is a far wiser option.
The capacity for both producing and comprehending previously unspoken statements is referred to as language generativity. Response generalization is one process that is frequently mentioned as underpinning linguistic generativity. Due to generativity in language we can make infinite number of messages
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