Economy, asked by patiencenokuthula27, 6 months ago

How are prices determined in a free market?

Answers

Answered by Anonymous
9

Answer:

Determination of Pricesmeans to determine the cost of goods sold and services rendered in the free market. In a free market, the forces of demand and supply determinethe prices. The Government does not interfere in the determination of theprices.

Answered by sneha35665
0

Answer:

Introduction to Determination of Prices

Determination of Prices means to determine the cost of goods sold and services rendered in the free market. In a free market, the forces of demand and supply determine the prices. The Government does not interfere in the determination of the prices.

Explanation:

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