In a free market economy, resources are allocated through...
In a free market economy, resources are allocated through the
Government department
Price mechanisms
Trade union
State planning committee
Correct answer is B
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.
Commercial bank reserves at the Central Bank___________ ...
Localization of industry refers to the ...
Which of the following is an advantage of localization of industry? ...
International trade and domestic trade are similar in all aspects except that ...
The stability of Nigerian economy depends mainly on the export price of ...