Which of the following is not associated with the market principle?

Question

Quizplus · Accepted Answer

The market principle is based on the law of supply and demand as well as the profit motive of individuals and businesses. Bargaining is also a common aspect of the market principle. However, fixed values for products go against the fundamental idea of supply and demand determining the price of goods and services in a market economy. Industrialism, while it can be associated with the market principle, is not a defining characteristic and therefore not the best answer.

Which of the Following Is Not Associated with the Market