In the market economy,markets serve the function of
A)Coordinating resource use decisions made by individual owners of resources
B)Bringing about resource allocation changes desired by resource owners
C)Determining prices
D)All of the above
E)Both (a)and (b)

Question

Quizplus · Accepted Answer

In a market economy, markets serve to coordinate resource use decisions made by individual owners of resources, bring about resource allocation changes desired by resource owners, and determine prices. Therefore, all of the given options are correct.

In the Market Economy,markets Serve the Function of