1
answer
0
watching
77
views

Generally in a market system the answer to the question “Who will get the output” is that the people who are willing and able to pay the existing market price get the output. If you cannot pay for the product or service, you do not get to have the product or service. This is true for all products and services, including food, housing, clothing, cars, education, etc. What do you think about this feature of a market system? Do you think it is fair? Why or why not? Does output change based on "who" receives the output? NOTE: This question is a philosophical question. Do not answer it based on the current system of a particular country (for example, the United States.)

For unlimited access to Homework Help, a Homework+ subscription is required.

Samantha Balando
Samantha BalandoLv7
28 Sep 2019

Unlock all answers

Get 1 free homework help answer.
Already have an account? Log in

Related textbook solutions

Related questions

Weekly leaderboard

Start filling in the gaps now
Log in