Socialism, which has no price signal, cannot do this.
This is not a "normal" market where the integrity of price signals needs to be protected.
This information on relative values is communicated, through price signals, to producers whose resources are also limited.
In other words, the high price sends a price signal to producers.
Consumers often ignore renewable power systems because they are not given accurate price signals about electricity consumption.
The problem is that they are getting the wrong price signals.
CANs also send important price signals to the market.
It has to start with a clear, long-term price signal.
The committee will no doubt be flexible, even if additional so-called price signals, which meet the criteria that I have mentioned, are developed and applied.
He contended that the only rational solution is to utilize all the dispersed knowledge in the market place through the use of price signals.