A Weakness of the Price System Is That It Completely

question 142

True/False

A weakness of the price system is that it completely fails to take account consumer preferences in the distribution of goods and services.

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Definitions:

Under Benefited

A feeling or situation where an individual perceives they are receiving less reward than they deserve compared to others.

Overbenefited

A situation where one receives more benefits or resources than what is fair or deserved.

Inequity

A condition under which fair treatment is not received or given, often leading to disparities among individuals or groups.

Inequality

The state of not being equal, especially in status, rights, and opportunities.