Asked by
Allie Benedict
on Oct 27, 2024
Verified
Handicapped-designated parking spaces are an example of the market economy achieving efficiency.
Market Economy
An economic system in which supply and demand determine the production of goods and services.
Efficiency
The optimal allocation and use of resources to achieve the best possible output or outcome with the least waste of time and effort.
- Recognize the constraints of market economies in realizing fairness and the possible necessity for governmental action to remedy these constraints.
Verified Answer
LS
Learning Objectives
- Recognize the constraints of market economies in realizing fairness and the possible necessity for governmental action to remedy these constraints.