In the capitalist economy, production is organized in two ways: in markets, by the price mechanism, and in firms, by managerial direction

Name: In the capitalist economy, production is organized in two ways: in markets, by the price mechanism, and in firms, by managerial direction
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This statement is true. In a capitalist economy, goods and services are produced both through the price mechanism (demand and supply in markets) and through managerial direction in firms.

In the Capitalist Economy, Production Is Organized in Two Ways