How does a laissez-faire economy decide which consumer gets each of the goods that has been produced?
What will be an ideal response?
The price mechanism solves the distribution problem by assigning the highest prices to the goods in greatest demand and then letting individual consumers pursue their own self-interests. Price acts as a rationing device that apportions the available goods among consumers who are willing to pay the most for them.
Economics
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Which of the following is responsible for ensuring employee safety?
a. osha b. eeo c. department of labor d. cobra
Economics
A bank's net interest income is
A) the same as net operating income. B) the difference between interest on loans and interest expense. C) the same as net operating income before expenses. D) the difference between total interest income and interest expense.
Economics