The price system accomplishes much for society that government
could do but probably could not do...
60.2K
Verified Solution
Link Copied!
Question
Economics
The price system accomplishes much for society that governmentcould do but probably could not do as well. Explain
Answer & Explanation
Solved by verified expert
4.1 Ratings (714 Votes)
The aim of the society is to maximize its welfare there are various goods and services for which government intervention is required because the price system is unable to maximise social efficiency
See Answer
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
