--%>

What important functions are performed by price system

What two important functions are carried out by the price system?
(1.) It is an automatic mechanism for distributing goods & services.
(2.) It finds out the allocation of resources among producers and the final mix of outputs.

   Related Questions in Biology

  • Q : Categorization of substances Living

    Living beings are made up of organic and inorganic substances. According to the complexity of their molecules how can each of such substances be categorized?

  • Q : Enzymatic reactions-graphic curve of

    Regarding the enzymatic reactions, how different are the graphic curve of variation of speed of a reaction as function of substrate concentration and curve of variation of speed of a reaction as function of temperature?

  • Q : Question on competitive market to

    Normal 0 false false

  • Q : Role of Managers in Learning

    The leader's role in this is of a designer, teacher, and steward who can build shared vision and challenge prevailing mental models. He/she is responsible for building organizations where people are continually expanding their capabilities to shape their future - that is, leaders are responsible

  • Q : Benefits of Communication -

    Downward communication provide following benefits to the organization: Help to explain to the subordinate the organizational plans police, programs and procedures, work methodology and other necessary information for performing the job. Help to convey to the subordinates the expec

  • Q : Diversities in Organizational culture

    Describe the diversity in a IT organizational culture ?

  • Q : Types of Groups - Organizational

    Groups may be classified into different types. The basis of differentiation may be purpose, extent of structuring, process of formation, and size of the group membership. 1)     Primary and secondary groups: primary groups are those characterized by in

  • Q : Molecule by which oxygen atoms

    Photosynthesis is the most significant producer of molecular oxygen (O2) on our earth. Name the molecule from which oxygen atoms discharged by photosynthesis come? From which other molecule could one suspect they have come? Write the destin

  • Q : Illustrate Bottle neck effect What do

    What do you mean by the term Bottle neck effect? Briefly describe it.

  • Q : Definition of Pka What is the

    What is the definition of Pka?