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Home Q & A Board Other Fields Homework Help Business Economics
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Anonymous jasmin villa
wrote...
A year ago
In a market​ system,
▼
 provide individuals the information they need to make decisions because they provide signals about the relative
▼
cost
scarcity
 of a product and help an economy respond.
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wrote...
#1
Educator
A year ago
In a market system, prices provide individuals the information they need to make decisions because they provide signals about the relative scarcity of a product. Because if there are high prices of goods in the economy, it means that there is a relative lack of that good. And if there are low prices in the economy, it means that there is more of that good available.
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