In a market economy, what prices and allocation of a scarce resources?

answer:

scarce goods and services are allocated in a market economy through the influence of prices on production and consumption decisions. changes in supply or demand cause relative prices to change; in turn, buyers and sellers adjust their purchase and sales decisions.

“the battle of stalingrad is not a turning point necessarily in strategic terms, because a lot more has to be done before the soviets can be certain of defeating germany,” says renowned world war ii historian richard overy. the germans had fought nearly a thousand miles across the soviet union to get to stalingrad.