--%>

Allocative mechanisms of Economic systems

Economic systems (example: capitalism versus socialism) are mainly distinguished by their relative reliance on alternative allocative mechanisms, and particularly by: (1) Who builds major economic decisions and who owns non-human resources. (ii) The level of inequality in the distribution of income. (iii) the colors of national flag. (iv) Why, how, and where production takes place.

Can someone please help me in finding out the right answer from the following question.

   Related Questions in Public Economics

  • Q : Opportunity costs in alternate activity

    Why is this probably precise to believe that you can believe of nothing better to do along with your time immediately than to study economics?

  • Q : Allocative Mechanisms and Efficiency

    Allotment of resources and goods through tradition or brute force will most probable outcome in: (i) Inadequately low production. (ii) Equivalent income distributions. (iii) Democratic resource allocation. (iv) Production possibilities growth.

  • Q : Building and capital tools production

    Buildings and capital tools can't produce anything without labor, showing such that labor is: (i) a productive resource. (ii) the merely productive resource. (iii) exploited through capitalists. (iv) the key to technology. (v) a provider of entreprene

  • Q : Dealing of technical efficiency in

    Technical efficiency deals along with problems of: (w) Maximizing the value of production. (x) Curing inequity. (y) Concentrating wealth more totally. (z) Redistribution from rich to poor. Can anybody suggest me the proper explanat

  • Q : Explain the view of economist land to

    What is an economist describe “land” to encompass: (1) Such enhancements to natural resources as sidewalks and utility lines. (2) the productive muscle of the economy. (3) all equipment and machinery. (4) any type of additions to the econo

  • Q : Determine when a good is scarce A good

    A good is scarce when: (1) individuals are willing to pay a positive price for more of this. (2) this is socially but not individually beneficial. (3) individuals are willing to pay to have this not produced. (4) more is obtainable at

  • Q : Problem related to Income distribution

    The necessary criterion for distribution asserts is that: (i) everyone requires a few luxuries to attain psychological balance. (ii) Output must be distributed in proportion to people’s requirements. (iii) Individual requirements will be met bes

  • Q : Illustrations of technological

    I need a good answer on the topic of Economic problems. Please give me your suggestion that illustrations of technological enhancement would not comprise developing new because: (i) Lighter and less costly and stro

  • Q : Governmental allocations of non-human

    The fundamental foundations of a capitalist system do not comprise: (1) Supplies and demands. (2) Private property rights. (3) Governmental allocations of non-human resources. (4) Laissez faire policies. (5) Market-determined prices and outputs.

  • Q : FUNDAMENTAL economic problems of

    Society's FUNDAMENTAL economic problems do NOT comprise deciding: (w) what goods to produce. (x) how to produce the goods selected. (y) what occupation each person must pursue. (z) who must find to use the goods produced.

    Discover Q & A

    Leading Solution Library
    Avail More Than 1455572 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads
    No hassle, Instant Access
    Start Discovering

    18,76,764

    1946551
    Asked

    3,689

    Active Tutors

    1455572

    Questions
    Answered

    Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

    Submit Assignment

    ©TutorsGlobe All rights reserved 2022-2023.