it uses criteria other than price and is the basis of central planning
market based on competition
it uses criteria other than price and is the basis of central planning
Market Economy
MARKET
The Market
it uses criteria other than price and is the basis of central planning
it uses criteria other than price and is the basis of central planning
it uses criteria other than price and is the basis of central planning
market based on competition
it uses criteria other than price and is the basis of central planning
Market Economy
MARKET
The Market
The prices in a market economy are based on supply and demand. In a free price system, these are based on several factors like citizen interactions and observations.
CoosMonabowbaie
Price based market system strictly depends on the laws of demand and supply. No influence by any outside force because market by itself has the force decide. It effectively helps in sorting out the deficit commodity for the needy.
The sumerian system was based on 60; ours is based on 10