Question

Which of the following is true about the market mechanism? Select correct option
1-It is not a very efficient means of communicating consumer demand to the producers of goods and services.
2- It works through central planning by government.
3-It eliminates market failures created by government.
4-It works because prices serve as a means of communication between consumers and producers.

Answer 1

i thnk 4 option is corect answer

Answer 2

Answer-: -It works because prices serve as a means of communication between consumers and producers.