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The price system refers to the system by which
Question 1
Report
The price system refers to the system by which
the government controls price in the economic system
prices tends to rise to a general level
price allocates resources between consumer and producer goods
government allocate resources to consumers and producers
the producers fix the price for their products
Answer Details
Read lesson note on Theory Of Price Determination (WAEC)
Read lesson note on Theory Of Production (WAEC)
Theory Of Price Determination
Theory Of Production
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