Answer:
works because prices serve as a means of communication between consumers and producers.
Explanation:
Market mechanism is the money is used as a medium of exchange between buyers and sellers in a open system of value (market).
In the market mechanism consumers are interested in maximising utility, while sellers want to maximise profit.
Demand and supply mechanics works to properly allocate resources according to fluctuations in price.
So market mechanism is successful because price has become a means of communication between buyers and sellers in their mission to maximise utility and profit.
Total staff = 4 + 20 + 4 + 2 + 50 = 80
P(Factory Worker) = 50/80 = 5/8
Answer: 5/8
Six is your answer because if it cost $2.00 and you have 4 it makes sense
Consumers buy products from the producers because they produced it. if that is the question that you are asking.
Answer:
Three rules I will implement is :
1. Liberalization :
Under this, I will support the domestic industry by easing the business operation and making free the activities of business around the nation.
2. Privatization :
In this, I will privatize the market and hand majority of the resources to the private entrepreneurs so that employee and efficiency could be achieved.
3. Globalization :
Under this, I will ease out the foreign trade in the country.