1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
vivado [14]
3 years ago
8

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

History
2 answers:
statuscvo [17]3 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]3 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.
You might be interested in
6. The lack of a written constitution can result in the following?
Anastaziya [24]

Answer:

The deterioration of a country as a whole and affects the laws and rules a country must have constitutionally and if it does not have a contitution this can't be controlled

4 0
3 years ago
Read 2 more answers
Who is considered to be a leader and make decisions about the church
bija089 [108]

Answer:

The pastor.

hope this helps.

8 0
3 years ago
The United States entered World War 1 after Germans sank American supply
MakcuM [25]

ship...and world war 1 took place from 1914-1918....just wanted to point that out

6 0
3 years ago
Imagine you are giving a speech to your class about reasons why the United States rapidly formed over a dozen states in the West
ahrayia [7]
<span>Assuming that this is referring to the same list of options that was posted before with this question, you would want to talk about the idea of "Manifest Destiny" since this was the main driving force of expansion. </span>
6 0
3 years ago
Which physical feature contributes to the population density of east china?
Sindrei [870]

Answer:

e eastern, coastal provinces are much more densely populated than the western interior because of the historical access to water.

Explanation:

3 0
3 years ago
Other questions:
  • How did Egyptians use the land around the Nile river
    8·2 answers
  • What did Hawaii rename Columbus Day
    12·1 answer
  • Give an example of a key historical event and how it changed history?
    7·1 answer
  • What was the name of the aztec chief
    9·1 answer
  • What are some inventions that the Medici Family invented
    11·1 answer
  • Please help me with this question will give brainly
    11·1 answer
  • Someone please help!!! K12 Final Exam!!! I will give brainliest for best answer! Please!!
    11·1 answer
  • Which was one of the main results of the Black Death in Europe
    15·1 answer
  • PLS HURRY I WILL GIVE BRAINLIEST
    13·2 answers
  • Wealthy merchants were:
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!