Why is market mechanism also known as capitalist method?
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In the Capitalist method, money and price mechanism are supreme. People put forward their demands for various commodities and services through the market mechanism. ... He, thus, stops or reduces its production.In this way, economic decisions are taken on the basis of the price mechanism in the Capitalist method.
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In the Capitalist method, money and price mechanism are supreme. People put forward their demands for various commodities and services through the market mechanism. ... He, thus, stops or reduces its production.In this way, economic decisions are taken on the basis of the price mechanism in the Capitalist method.
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