{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}


lectur6-page26 - u Prices are the"guiding light"...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
26 26 The Market System u Prices are used to signal the value of individual resources and commodities. Therefore, prices provide valuable information to consumers and producers.
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: u Prices are the "guiding light" to which resource owners, businesses, and consumers follow when economic choices must be made....
View Full Document

{[ snackBarMessage ]}

Ask a homework question - tutors are online