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SVETLANKA909090 [29]
3 years ago
7

Why is the economic efficiency of market economies important?

History
2 answers:
Marat540 [252]3 years ago
7 0

Market-based economies have come to be the dominant system for the production and distribution  of goods and services. The power of markets stems from their decentralized nature. One of the advantages of economies of scale is the possibility of forming reliable and efficient distribution networks. The forces of self-interest, competition, and the balancing of supply and demand all exert stabilizing influences on prices in the market. They suggest the concept of an efficient market, defined follows: An efficient market is one in which prices always fully reflect available information, a market’s ability to communicate economic information via trade.

Agata [3.3K]3 years ago
4 0
It is needed to keep balance in a nation's economy, and between the economies of multiple countries. I should be able to purchase stock, and make a good return.
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As a result local sheriffs seized many farms and some farmers who couldn't pay their obligations were put in prison. These circumstances led to the first major armed rebellion in the post-Revolutionary United States. Once again, Americans opposed high taxes and unresponsive government that was far away.

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When consumers stop buying products and paying for services, companies need to make budget cuts, including employing fewer workers.The economy evolved depressed and some farmers could not pay their debts,the action take C. land was seized

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2 years ago
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The Southerners felt Northerners were getting rich at their expense because since the end of the war many moved to the south as social reformers. Several of them were businessmen who acquired or rented plantations and became wealthy landowners, choosing freedmen to do the labor.  Following the Civil War, Northerners often obtained plantations at fire-sale rates. Because of this, they were commonly considered to be taking advantage of those living in the South.

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true

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