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S_A_V [24]
2 years ago
5

Based on the reading, which economic system is the most efficient at distributing goods and services? Why?

History
2 answers:
zimovet [89]2 years ago
8 0

Answer:

Market economies are the most efficient economic systems

Explanation:

this is because they have little government intervention, allowing private ownership to determine all buisness decisions based on market factors.

Iteru [2.4K]2 years ago
5 0
Yawa thanks po
Yunlang
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Answer:

What do pollution, education, and your neighbor's dog have in common?

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When markets are functioning well, all the costs and benefits of a transaction for a good or service are absorbed by the buyer and seller. For example, when you buy a doughnut at the store, it's reasonable to assume all the costs and benefits of the transaction are contained between the seller and you, the buyer. However, sometimes, costs or benefits may spill over to a third party not directly involved in the transaction. These spillover costs and benefits are called externalities. A negative externality occurs when a cost spills over. A positive externality occurs when a benefit spills over. So, externalities occur when some of the costs or benefits of a transaction fall on someone other than the producer or the consumer.

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3 years ago
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