Utilizing free markets and the price system always

Reference no: EM1339514

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Help me to understand the following statement: "Using free markets and the price system always results in a more efficient resource allocation than central planning. Just look at what happened in Eastern Europe."

Reference no: EM1339514

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Utilizing free markets and the price system always : Utilizing free markets and the price system always results in a more efficient resource allocation than central planning. Just look at what happened in Eastern Europe.

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