Ask Question
HistoryHistory
29 August, 23:44

How does price serve as an incentive in a market economy?

+4
Answers (1)
  1. 29 August, 23:56
    0
    How prices serve as an incentive in a market economy is whenever there is a decline in the supply of a particular commodity, what the suppliers do is increase the prices, and in contrast, when there is enough supply, they decrease the prices as well. Hope this answers your question.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “How does price serve as an incentive in a market economy? ...” in 📗 History if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Which region did the Byzantine empire recapture
Answers (1)
Who was the only major player in the whitewater investigation who actually spent time in jail?
Answers (1)
Which of the following was a result of the Tea Act of 1773? Colonial merchants could not sell their tea. Colonial merchants could not get tea to sell. Colonial merchants tried to get the colonies to grow tea.
Answers (1)
Which statement best explains the Privileges and Immunities clause of Article IV of the Constitution?
Answers (2)
What was the purpose of the soviet state's five year plan
Answers (1)
New Questions in History
What was often the source of conflict between pastoral and agricultural village societies?
Answers (1)
Socrates and Plato were a. Astronomers b. Philosophers c. Historians d. Architects
Answers (1)
What countries were involved in the balfour declaration?
Answers (1)
A new poetry emerged in medieval Japan around the year 900. Name it!
Answers (1)
What event led president wilson to begin to abandon his policy of neutrality during ww1?
Answers (1)
Home » History » How does price serve as an incentive in a market economy?
Sign Up Forgot Password?