ThatBuk1602 ThatBuk1602
  • 04-09-2017
  • Business
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Item 1 item 1 in a market system, the allocation of scarce goods involves the consideration of

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Ckaranja
Ckaranja Ckaranja
  • 14-09-2017
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.
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