How are prices determined in a free market?
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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.
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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.
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