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.
Industrialization is the process of_________ ...
A reduction in the bank rate encourages commercial banks to create money by ...
If demand increases without a change in supply, equilibrium price and quantity will ...
The following are measures of location except_______ ...
An indicator of growth in an economy over a period of time is the ...