Functions of the Price Mechanism I A Level and IB Economics

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This is a revision video on some of the key functions of the price mechanism including the signalling and rationing function in the allocation of scarce resources among competing uses.

#aqaeconomics #ibeconomics #edexceleconomics
  1. tutor2u
  2. price mechanism
  3. signalling function
  4. allocation function
  5. rationing function
  6. tutor2u
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tutoru-official
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THANKS for the knowledge. have been confused with the two concepts, price mechanism and free market economy but now i comprehend them.

mbujjebenjamin
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So very helpful concepts in the potion very confusing because it's Very good explanation

yellowarmy
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Mate Thanks for the Economics exam is in 1 week Theme 1 paper....But thank you :D

promatqas
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How would you define the price mechanism? Thanks 🙂

aaaaaaa
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can anybody give an example of incentive function of price mechanism ? I was not so clear about this one.

Joe-oxpc