 |
|
| Browse | Ask | Answer | Search | Join/Login |
|
|
||||
|
How markets can provide incentives to efficient production and, at the same
Can you help me with and explanation and if you can give me examples of how markets can provide incentives to efficient production and, at the same time, discipline inefficient producers
|
||||
|
||||
|
Inefficient producers have high costs and so cannot effectively compete with more efficient producers, price elasticity is the mechanism which both rewards and disciplines. Consumers are not indifferent to price and so a market will expand for a desirable commodity where price is lower or competitive. Study Coca Cola
|
||||
Not your question?
Ask your question
View similar questions
| Question Tools | Search this Question |
Add your answer here.
Check out some similar questions!
Is it haram to receive gifts from pharma companies and incentives for patients refer
[ 0 Answers ]
Is it ethical for muslim doctor in islam to receive incentives for patients referral to other hospitals & diagnostic centres
Tax Incentives For Shifting Jobs Overseas
[ 0 Answers ]
LEVELING THE PLAYING FIELD: CURBING TAX HAVENS AND REMOVING TAX INCENTIVES FOR SHIFTING JOBS OVERSEAS | The White House Did the jobs bill that passed February 2010 eliminate tax incentives for companies to move jobs overseas? If there is a link please send it, I cannot find anything that...
Panic in the markets
[ 17 Answers ]
Hello: What do you think would happen to an economy if a president told the people that Armageddon would happen in the markets if they didn't cave into his blackmail and give him and his buddy $700 billion, with NO STRINGS ATTACHED?? Well, we didn't and the markets crashed. Shame on the...
View more questions Search
|
