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vivado [14]
2 years ago
8

How does price serve as an incentive in a market economy?

History
2 answers:
statuscvo [17]2 years ago
6 0

Answer:

Price serves as an incentive in a market economy because it provides competition for the producers to have the highest profit

Explanation:

Talking about the market economy and the correlation of price, product, and demands, we have a connected cause and effect not only in the increment or decrease of prices and existence of the product or service but also in the rivalry between similar companies or product to be the one with the control of the biggest part of the market.

Free_Kalibri [48]2 years ago
3 0
How prices serve as an incentive in a market economy is whenever there is a decline in the supply of a particular commodity, what the suppliers do is increase the prices, and in contrast, when there is enough supply, they decrease the prices as well. Hope this answers your question.
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Which of the following is an example of monumental architecture?
harina [27]

Answer

The answer is ziggurat.  

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A mud-brick house isn't exactly monumental, a stela is a slab of stone, and a seed plow is a farming tool.

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2 years ago
I need 5 examples of what major changes took place socially during the crusades. please help!
BartSMP [9]
An increased presence of Christians in the Levant during the Middle Ages.
the development of military orders.
a polarisation of the East and West based on religious differences.
the specific application of religious goals to warfare in the Levant, Iberian peninsula, and Baltic region, in particular.
the increased role and prestige of the popes and the Catholic Church in secular affairs.
the souring of relations between the West and the Byzantine Empire leading, ultimately, to the latter’s destruction.
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3 0
3 years ago
Why did the framers of the Constitution feel the need to create a stronger central<br> government?
Marta_Voda [28]

Answer:

The Founding Fathers, the framers of the Constitution, wanted to form a government that did not allow one person to have too much authority or control. While under the rule of the British king they learned that this could be a bad system.

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2 years ago
What were the Federalist Papers and who wrote them?A Cabinet secretary is someone who _______.
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Answer:

a.

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