what is the ways of organising economic activities ?
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Organisation of economic activities is defined as: All the economic pursuits are organised through the market. A market is an organisation that organises free interactions of individuals following their respective economic pursuits
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Markets are usually a good way to organize economic activity because the invisible hand leads markets to desirable outcomes. Governments can sometimes improve market outcomes because sometimes markets fail to allocate resources efficiently because of an externality or market power.
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