Y1 7) Price Mechanism - The 4 Functions (Signalling, Incentivising, Rationing & Allocating)

Y1 7) 4 Functions of the Price Mechanism (Signalling, Incentivising, Rationing & Allocating). Video covering the 4 crucial functions of the price mechanism. So important to understand how markets work in allocating scarce resources through signals, incentives, rationing functions
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Looking back at these vids when u finish alevels is brazy man when ur doing a levels you think it’s life or death

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Sir I'm grateful for your services, I've now improved economically all because of you. ❤

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I wish you were my econ tr, you properly explain everything and make it so easy to understand. Thank you so much for these videos, they help so much!

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bossmans getting old

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Eternally grateful for helping me pass my exams 4 days before the paper, thankyou so much🙏🏻🙏🏻

[@alenarose1969]

if you;'re shifting left to do with demand, does that mean there's too little demand and prices fall? and too little supply if you're shifting supply left and prices rise?

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Can you please cover on Economics though topic as well.

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Seeing this on the morning of my micro test was simply bluss

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Thanks Mr Dal these videos are very helpful :)

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Nicely Explained

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Thank you Sir Dal❤

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5:15

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Hi could we get a video on export subsidy??