Under a price system,the four basic tasks are performed by

Name: Under a price system,the four basic tasks are performed by
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Question

Quizplus · Accepted Answer

Markets, which are part of the price system, allocate resources by setting prices based on the laws of supply and demand. The four basic tasks in an economy - what goods and services are produced, how they are produced, who gets them, and how much people have to pay for them - are determined by market forces operating through the price system.

Under a Price System,the Four Basic Tasks Are Performed by