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Paraphin [41]
3 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]3 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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