What is a regulatory mechanism of the market system
Answers:
One market regulatory mechanism is consumer demand. People want one thing, and they want it safe, new, and cheap. Companies that provide the best succeed, those that create shoddy, unsafe, or expensive goods go out of business.
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Relevant answers:
competition
Price
the basic coordinating mechanism in a free market system is Price.
The quota system is a policy of limiting the number of minority group members in a business firm, school, etc while the market system is any systematic process allowing many people to bid on items.
The whole point of the free market is that everybody gets to make their own economic decisions, since the economy is not run by any central planner as in a communist system. So if someone wants to...
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