Join TSR now and get all your revision questions answeredSign up now
    • Thread Starter
    Offline

    3
    ReputationRep:
    Hey Guys,

    Simple question "Explain the role of a market in allocating scarce resources?"
    Basically how do markets allocate scarce resources?
    • Official TSR Representative
    Offline

    3
    ReputationRep:
    Sorry you've not had any responses about this. Are you sure you’ve posted in the right place? Posting in the specific Study Help forum should help get responses.

    I'm going to quote in Puddles the Monkey now so she can move your thread to the right place if it's needed. :yy:

    Spoiler:
    Show
    (Original post by Puddles the Monkey)
    x
    Offline

    0
    ReputationRep:
    Through the free market mechanism, which is made up of two market forces (supply and demand) that interact to create the price at a given qunatity, known as the market equilibrium, sorry if its late, had the exam this morning
 
 
 
Poll
How are you feeling about your A-level results?

The Student Room, Get Revising and Marked by Teachers are trading names of The Student Room Group Ltd.

Register Number: 04666380 (England and Wales), VAT No. 806 8067 22 Registered Office: International House, Queens Road, Brighton, BN1 3XE

Quick reply
Reputation gems: You get these gems as you gain rep from other members for making good contributions and giving helpful advice.