The market system is not relied on to make all allocations because sometimes people don't like the results of competition.

Question

Quizplus · Accepted Answer

While the market system is based on competition and allocating resources based on supply and demand, sometimes the outcomes of this competition may not be desirable for certain individuals or groups. Therefore, other methods such as government intervention or private agreements may be used to make allocations in certain situations.

The Market System Is Not Relied on to Make All