The Wall by Joseph Mesko https://padlet.com/3221142/cwnez86cf6qi Why did I do this? en-us 2018-10-31 14:20:04 UTC 2023-09-22 16:45:35 UTC hello@padlet.com https://padlet-assets.s3.amazonaws.com/icons/Playcontrol.png Prices Create Incentives to Work and Produce https://padlet.com/3221142/cwnez86cf6qi/wish/298998743 In a market-based economy  the prices function as an incentive because they represent potential  for profit.  The rising prices in a market motivate existing firms to produce more, and they encourage new firms to enter the market.And falling prices serve as incetives for firms to cut back on production or to leave a market to look for better opportunities elsewhere.]]> 2018-10-31 14:32:01 UTC https://padlet.com/3221142/cwnez86cf6qi/wish/298998743 Demand and quantity can lead to many aspects of economy. Whether it'd lead to a shortage and/or surplus. 3221142 https://padlet.com/3221142/cwnez86cf6qi/wish/298999575 2018-10-31 14:33:26 UTC https://padlet.com/3221142/cwnez86cf6qi/wish/298999575 Prices Convey Information to Consumers and Producers https://padlet.com/3221142/cwnez86cf6qi/wish/298999638 People are told what the best products are to buy because others buy them. Producers know that these are good because people are buying a lot of them.]]> 2018-10-31 14:33:31 UTC https://padlet.com/3221142/cwnez86cf6qi/wish/298999638 Prices Allow Markets to Respond to Changing Conditions 4259991 https://padlet.com/3221142/cwnez86cf6qi/wish/299007539 Prices allow markets to adjust quickly in the events of wars or natural disasters]]> 2018-10-31 14:46:59 UTC https://padlet.com/3221142/cwnez86cf6qi/wish/299007539