Ask Question
29 August, 23:44

How does price serve as an incentive in a market economy?

+4
Answers (1)
  1. 29 August, 23:56
    0
    How prices serve as an incentive in a market economy is whenever there is a decline in the supply of a particular commodity, what the suppliers do is increase the prices, and in contrast, when there is enough supply, they decrease the prices as well. Hope this answers your question.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “How does price serve as an incentive in a market economy? ...” in 📗 History if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers