what are the advantages and disadvantages leaving a country,s resources to the price mechanism ?

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what are the advantages and disadvantages leaving a country,s resources to the price mechanism ?

2006-09-15 22:45:02 · 2 answers · asked by shagor c 1 in Education & Reference ➔ Homework Help

2 answers

^ complete asshole.

2006-09-15 22:53:18 · answer #1 · answered by Blaine 3 · 0⤊ 1⤋

An advantage is that the market is the smartest pricing mechanism. If there is plenty of supply, the price will be lower and people will buy more. If people want a lot of the resource and the supply isn't as great, the price will be higher and people will have to buy less. It's very self-regulating, much more intelligent than regulation by a flunkie politician who really cares only about looking good.

2006-09-16 10:26:38 · answer #2 · answered by MSB 2 · 0⤊ 0⤋