Economy, asked by bejohnjohn95, 6 months ago

Discuss any two conditions which are essential for the existence of Price Mechanism.

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Answered by AyonizaSingh

0

A price mechanism is a system by which the allocation of resources and distribution of goods and services are made on the basis of relative market price. There are two important elements of price mechanism – 1. ... MARKET - forces of demand and supply operate within the framework of market.

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