In a free market economy, resources are allocated through...
In a free market economy, resources are allocated through the
Government department
Price mechanisms
Trade union
State planning committee
Correct answer is B
In a free market economy, the allocation of resources and distribution of goods and services are made on the basis of the relative market price known as the price mechanism.
A public liability company is different from a private limited company because it ...
From the graph above P2 in price control situation is referred ...
An improvement in a country's terms of trade means that the ...
When public enterprises become commercialized, it means that ...
An arrangement in which the debts of a company can only be paid from its own assets implies ...
Elasticity of demand is an effective tool in the hand of a producer in that it enables him ...