The functions of prices
Subdecks (3)
The Rationing Function
Year 1 Microeconomics > Market Mechanism, Market Failure and government intervention > How Markets and Prices allocate resources > The functions of prices1 cardThe Incentive function
Year 1 Microeconomics > Market Mechanism, Market Failure and government intervention > How Markets and Prices allocate resources > The functions of prices6 cardsThe Signalling Function
Year 1 Microeconomics > Market Mechanism, Market Failure and government intervention > How Markets and Prices allocate resources > The functions of prices2 cards