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

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asked Nov 17, 2018 96.4k views

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Bombo · Answer 1 · 2018-11-22T02:50:20+0000

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.

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

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