Y1 7) Price Mechanism - The 4 Functions (Signalling, Incentivising, Rationing & Allocating)

Описание к видео Y1 7) Price Mechanism - The 4 Functions (Signalling, Incentivising, Rationing & Allocating)

Y1 7) 4 Functions of the Price Mechanism (Signalling, Incentivising, Rationing & Allocating). Video covering the 4 crucial functions of the price mechanism. So important to understand how markets work in allocating scarce resources through signals, incentives, rationing functions

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