In a laissez-faire economy, the price system plays a key role in

Name: In a laissez-faire economy, the price system plays a key role in
Brand: Quizplus
Rating: 4.9 (46 reviews)

Question

Quizplus · Accepted Answer

In a laissez-faire economy, the price system is the mechanism for both selecting outputs and inputs based on supply and demand. The same price system also plays a role in distributing outputs through consumer choice and competition among producers. Therefore, all of the above options are correct.

In a Laissez-Faire Economy, the Price System Plays a Key