Define the market process, the command process, and the traditional process. How does each process deal with
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Define the market process, the command process, and the traditional process. How does each process deal with the basic questions of what, how, and for whom?
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Market Process The use of supply demand and material incentives eg the profit motive to decide how scarce resources are to be allocated It answers the ...View the full answer
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Related Book For 
Managerial Economics
ISBN: 978-0133020267
7th edition
Authors: Paul Keat, Philip K Young, Steve Erfle
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