The price system is an important component of the market because it

1 answer:

6 0

The price system is an important component of the market because it coordinates the activities of producers, consumers, and owners of resources.

The answer to this question is option c. In economics the price system can simply be described as the way of organizing economic activities.

In order to do this, it coordinates the decisions of the buyers, the suppliers or the producers, and the owners of productive resources.

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Answer:

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Please find the complete question in the attached file.

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