Economy, asked by shivanidwivedi48, 3 months ago

Explains Price determination and allocation of Resources

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Answered by aadil1290

Price mechanism is the system through which producers and consumers interact to determine how scarce resources are allocated to competing uses. In a free market, price is determined by the demand and supply of the good....

Answered by rsanjaykumar408

price

merchanism is the system through which producers and consumers interact to determine how scarce resources are allocated to competing uses. In a free market, price is determined by the demand and supply of the good.Oct

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