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

The international date line runs along the entire 180th meridian. true or false
Painters used ____________ to add details to stained glass windows.
How can a person guard against a decrease in heart and lung function?
Which of the following accurately summarizes an idea of French enlightenment philosopher Jean- Jacques Rousseau?
historians have a difficult task, if not all facts have been discovered yet, with doing what?
Which of the following is a rational number? square root of 22, square root of 23, square root of 24, square root of 25
Presidents facing opposition to key policies or legislative positions will often: A. deny party campaign funds to members opposing the bill. B. cite opinion pol
Which of these statements best summarizes the events that take place in the land of the Lotus Eaters (Lotophagi) in Homer's Odyssey?A. Odysseus eats the lotus f
what is the point slope of the line with the slope of-13
Is 1.027 5 greater than 1.029