Item 1 item 1 in a market system, the allocation of scarce goods involves the consideration of

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Anya Robbins

Business

27 May, 10:13

Item 1 item 1 in a market system, the allocation of scarce goods involves the consideration of

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Jacqueline Thompson · Answer 1

In a market system, allocation on scarce goods is pegged on the highest bidder. Whichever buyer who has more resources has the biggest chance of landing such an item. The downward to this system is that it often leads to inflation.