Social Sciences, asked by dimplesoni24, 4 months ago

Answer in short. What is the role of price mechanism system in price regulation?

Answers

Answered by bakyashree06

2

Explanation:

A price mechanism, part of a market system, comprises various ways to match up buyers and sellers. The price mechanism is an economic model where price plays a key role in directing the activities of producers, consumers, and resource suppliers. An example of a price mechanism uses announced bid and ask prices.

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