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Paraphin [41]
2 years ago
10

Why is the price system a more efficient system for allocating scarce resources than by authoritarian means

Social Studies
1 answer:
Andrews [41]2 years ago
8 0

Answer:

The production of limited resources, thus lower costs and rising demand, will be increased by price levels and the capacity to make money.

Explanation:

The pricing mechanism assigns the markets in this system resources. A rise in demand increases prices and promotes firms using more resources for the product or service's manufacturing.

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an internal locus of control

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It refers to the limit to which people thinks to have the control on the events that are influencing their own life , is referred to as locus of control.  

It is the method by which people are very well informed or aware about the result of a particular activity in their life .

From the given scenario of the question , as Jessica worked very hard and therefore scored good marks and due to regular practice , she get into basketball team , and as she learned cooking , and hence she is good with cooking.

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