it does not take into account market power, public goods, merit goods and externalities. it works in a free market and not in a controlled one.
the basic coordinating mechanism in a free market system is Price.
Price is the rationing mechanism. Whoever can afford it, will by it.
Through price mechanism...
advantages and disadvantages of market economy
Price mechanism (A+)
What is technology in market mechanism?
Opponents argue that one of the primary disadvantages of the price mechanism theory is income inequality. Other disadvantages include unemployment and inflation.
Price mechanism is the system where supply and demand are what determines prices of products or services. Unemployment, inflation, and uneven distribution of resources are disadvantages of price mechanism.
advantages of quick return mechanism
the basic coordinating mechanism in a free market system is Price.
price mechanism is hte demand and supply of goods and services
Price is the rationing mechanism. Whoever can afford it, will by it.
competition
market mechanism
Through price mechanism...
advantages and disadvantages of market economy
The disadvantages of Retail Marketing