No government organizes all this production, and no government auditor monitors producers to ensure that they serve

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No government organizes all this production, and no government auditor monitors producers to ensure that they serve the social interest. The allocation of scarce resources is not planned. It happens because prices adjust to make buying plans and selling plans compatible, and it happens in a way that sends resources to the uses in which they have the highest value.

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Foundations Of Microeconomics

ISBN: 9780134491981

8th Edition

Authors: Robin Bade, Michael Parkin

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