Question

state the features of market mechanism system​

Answer 1

Features of Market Mechanism System -

• Ownership of resources of production is either private or individual. 2. Economic decisions are taken while keeping price mechanism in mind. Economic decisions are taken only after keeping personal interest or profit.

Answer 2

Answer:

hey mate here is your answer....

Explanation:

• Ownership of resourses of production is either individual or private.
• Profit is at the centre of economic activities in market system.
• Consumer get good opportunity of choice.
• Government interference is not there in this system.
• Distribution ok resources is based on profit.
• Economicdecisions are taken by keeping price mechanism in mind.

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