Why do competitive markets allocate resources efficiently?
Why do competitive markets allocate resources efficiently? Second, competitive markets allocate resources efficiently. In response to these prices, it is argued that firms in competitive markets satisfy the wants of consumers better than any alternative system would do. Third, markets promote economic growth by rewarding innovation and risk taking. Do competitive markets use resources efficiently? … Continue reading Why do competitive markets allocate resources efficiently?
Copy and paste this URL into your WordPress site to embed
Copy and paste this code into your site to embed