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Consumer goods and capital goods to produce in economy

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Reference no: EM133338426

Question

In a general way, how markets would determine the combination of consumer goods and capital goods to produce in an economy?

Some reasons why markets may fail to produce the best combination of consumer goods and capital goods in an economy capable of producing consumer goods and capital goods?

List and discuss reasons that may cause the production possibilities curve to shift

Why is the price of a good or service important in a market economy?

Reference no: EM133338426

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