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

A swimming pool  20 m long and 10 m wide is surrounded by a deck of uniform width. The total area of the swimming pool and the deck is 704 m^2. Find the width o
Which term describes the example below? A child with a widow’s peak has a mother who is homozygous dominant for a widow’s peak and a father who is homozygous do
What is cos P?  Right triangle PQR with a short leg measuring 5, a long leg measuring 12, and the hypotenuse as 13A. 5/12B. 12/13C. 5/13D. 12/5
The square of a certain negative number is equal to 5 more than one half of the number what is the number
area is 320 square feet width is 4/5 length
what did anna sofia nysten do after the titanic sinking
what two large alliances took shape before the beginning of world war 1
Two famous Elizabeth Blackadder paintings ?
What is cos P?  Right triangle PQR with a short leg measuring 5, a long leg measuring 12, and the hypotenuse as 13A. 5/12B. 12/13C. 5/13D. 12/5
How do u do this ??? Alistair buys an antique chair for £600. It is expected to increase in value at the rate of 4.5% each year. How much is it expected to be w