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Why is the price system a more efficient system for allocating scarce resources than by authoritarian means

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User Taper
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1 Answer

4 votes

Answer:

The production of limited resources, thus lower costs and rising demand, will be increased by price levels and the capacity to make money.

Step-by-step explanation:

The pricing mechanism assigns the markets in this system resources. A rise in demand increases prices and promotes firms using more resources for the product or service's manufacturing.

answered
User Vdclouis
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8.0k points
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