In a free market economy, resources are allocated through the
ECONOMICS
WAEC 2020
In a free market economy, resources are allocated through the
- A. government department
- B. price mechanisms
- C. trade union
- D. state planning committee
Correct Answer: B. price mechanisms
Explanation
In a free market economy, the allocation of resources and distribution of goods and services are made on the basis of the relative market price known as the price mechanism.
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