Title: One important difference between the political process and the market process is that Post by: iloveyofacexx3 on Oct 10, 2019 One important difference between the political process and the market process is that ▸ the political process results in collective actions in which everyone is obliged to participate, while in the market process individuals are free to participate or not. ▸ the political process results in collective actions that maximize economic surplus, while the market process may lead to efficiency losses. ▸ the political process results in collective actions in which everyone is made better off, while the market process results in actions that favor some groups only. ▸ the political process results in collective actions in which not everyone is required to participate, while in the market process individuals are obliged to participate. Title: One important difference between the political process and the market process is that Post by: Bakari on Oct 10, 2019 Content hidden
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