The distribution of goods by the price system is distorte...
The distribution of goods by the price system is distorted when
There is a high degree of competition among producers
Producers and consumers operate freely
Factors of production are mobile
No allowance is made for social costs and social benefits
There is price control measure in the system
Correct answer is E
No explanation has been provided for this answer.
In a socialist economy, the means of production is owned and controlled by the ...
The creation of physical and concrete goods that can be seen and handled is ...
Choice in economic life is necessitated by ...
Price control cannot work in Nigeria because ...
The Malthusian theory of population has been rendered ineffective by ...
Goods whose demand vary directly with money income are called? ...