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fifadaniel fifadaniel
wrote...
Posts: 291
6 years ago
Describe the signaling aspect of the price system regarding the three basic economic questions.
Textbook 
Economics Today: The Micro View

Economics Today: The Micro View


Edition: 19th
Author:
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wrote...
6 years ago
 In the price system, prices provide information to individual buyers and sellers about what and how many items should be produced, how production of items should be organized, and who will choose to buy the produced items. Prices basically serve as signals to everyone within the system which resources are relatively scarce and which are relatively abundant.
fifadaniel Author
wrote...
6 years ago
this helped with my online quiz
wrote...
6 years ago
yw
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