Traditional Culture Encyclopedia - Traditional stories - Three ways of market allocation of resources
Three ways of market allocation of resources
Market allocation of resources refers to the process that market mechanism allocates, combines, redistributes and reorganizes resources according to changes in market demand and supply.
Ways of market allocation of resources: Market allocation of resources is mainly carried out by means of price, supply and demand, competition, etc. The law of value is like an invisible hand, which promotes the efficient allocation of resources.
Advantages of market allocation resources: 1. Feedback the changes of market supply and demand in time, transmit the news of market supply and demand, and realize the rational allocation of resources.
2. Improve the enthusiasm of operators and promote the development of science and technology and management.
3. Survival of the fittest, rational allocation
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