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notsponge [240]
2 years ago
12

Which term describes the inability of a market to bring about the allocation of resources that best satisfies the wants of socie

ty?.
Business
1 answer:
guajiro [1.7K]2 years ago
5 0

It should be noted that the inefficient allocation if resources is market failure.

<h3>What is market failure? </h3>

It should be noted that market failure simply means the inefficient distribution of goods and services.

Market failure is the the inability of a market to bring about the allocation of resources that best satisfies the wants of society.

Learn more about market failure on:

brainly.com/question/368647

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Answer:

A

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Identify, analyze, plan, track, and control

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Vincent is tasked with deriving the value for a large, custom home that was constructed nine months ago on a secluded 10-acre lo
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Answer: Cost Approach

Explanation:

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3 years ago
On October 1, Robertson Company sold inventory in the amount of $5,800 to Alberta, Inc. with credit terms of 2/10, n/30. The cos
NeTakaya

Answer:

Option (d) is correct.

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Given that,

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(i) On October 1,

Accounts receivable A/c Dr. $5,800

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(ii) On October 1,

Cost of goods sold A/c Dr. $4,000

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4 0
3 years ago
You are given the following data on the Employed, Unemployed, and the Labor Force for 1997: Population 16 years old or over (mil
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Answer:

136.30 million

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Total Labor force = 129.6 million + 6.7 million

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