faithsmith7017 faithsmith7017
  • 01-12-2021
  • Business
contestada

what is the coordinating mechanism in a market system?

Respuesta :

anicholson2282 anicholson2282
  • 10-12-2021

Answer:

The price mechanism is the central coordinating mechanism in a market economy. Prices tell people what to use their resources.

Explanation:

Answer Link

Otras preguntas

Find the value of the unknown angle. 25 30 43 80
what does 1/2 (40x60) =
Ximena bikes 20 miles from her home to her favorite lunch spot and then bikes back. She bikes with the wind to lunch and against the wind on the way home. Her t
Question 3(Multiple Choice Worth 1 points) (04.04 LC) Read and select the option with the correct verbs for the blanks. Soy Claudio. ________ mucho frío hoy en
Consider a vat that at time t contains a volume V (t) of salt solution containing an amount Q(t) of salt, evenly distributed throughout the vat with a concentra
Drag the tiles to the boxes to form correct pairs. Match each term with its definition. shared dependence of countries on goods, labor, or resources from other
What did the philosophers believe about progress?
Which algebraic expression is equivalent to the expression below? 7(3x + 12) + 12x - 16 A. 21x + 68 B. 33x + 68 C. 33x + 100 D. 33x + 84
Which statement about velocity is true?
which of an economic system existed in the European during the early middle ages