Economy, asked by dishu75, 1 year ago

how does the price mechanism solve the basic problem in an economy​

Answers

Answered by augnik2006
1

Answer:

Thus, price helps bring supply and demand into a place or situation where supply and demand are about the same, allowing for the proper amount of resources to be allocated for making the product. As a result of the price mechanism, there should be enough resources to satisfy the demand.

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