Two major virtues of the market system are that it

Asked by admin @ 07/10/2021 in Business viewed by 298 People

Two major virtues of the market system are that it:

-results in an equitable personal distribution of income and always maintains full employment.
-results in price level stability and a fair personal distribution of income.
-allocates resources efficiently and allows economic freedom.
-eliminates discrimination and minimizes environmental pollution.

Answered by admin @ 07/10/2021

The correct answer is allocates resources efficiently and allows economic freedom.

The market system of economics is one where economic decisions and the pricing of goods and services are guided solely by supply and demand and there is limited to no government interaction in the economy. Because of this, two major virtues of the market system are that it allocates resources efficiently and allows economic freedom.

Able, baker, and charles are engaged in the marketing to and enrollment of beneficiaries into medicare health plans. mr. able is an independent agent paid directly by a health plan. ms. baker is an independent agent paid through a field marketing organization (fmo). mr. charles is an independent agent paid for his work by a third-party marketing organization (tmo). how do the cms compensation rules apply to these three agents?

Asked by maham237 @ 13/01/2021 in Business viewed by 2747 persons

Two major virtues of the market system are that it

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