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bagirrra123 [75]
3 years ago
13

How are prices determined in capitalists economic?

History
1 answer:
stira [4]3 years ago
6 0
In a capitalist society the prices of goods, services and labour are determined by supply and demand. If a lot of people want to buy a certain product its price will go up. Products that are mass produced usually have low prices. Another important feature of capitalism is competition.
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