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9. What exactly does it mean to say that "price rations scarce goods?" Why is this considered to be fair in a ca...

9. What exactly does it mean to say that "price rations scarce goods?" Why is this considered to be fair in a capitalist economy? Does it mean that those with more dollars get more "dollar votes" for what is produced and consumed in a capitalist economy?

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It means price service as a tool for distribution of goods. All resources, goods and services are distributed and produced according to their prices. Prices serve as incentive for doing all actions

This is considered fair because all individuals decide their response against the incentive of price. They do their best with respect to price. If they consider something is not good with respect to its price they will not purchase it. If they consider that price is too less compared to what they own in value they will not sell their good in question and so on

Yes it means so. In system where price matters money plays crucial role. That's the main problem in this system. It's not fair

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