answersLogoWhite

0

What is price-based market system?

Updated: 11/1/2022
User Avatar

Wiki User

11y ago

Best Answer

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.

User Avatar

Wiki User

11y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What is price-based market system?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Does Germany have a market or mixed economic system?

it has an market system for Germany it has an market system for Germany


What are the Fundamental characteristic of the market system?

What are the Fundamental characteristic of the market system?


Who makes decisions in a free market system?

In a free market system


What economic system does Romania have?

Now is a free market system.


Which of the following is another term for a free-market system?

CapitalismcapitalismAnother name for free market system would be called second market. This is a non- profit market.


What is the pure market system?

pure market system is a cow giving pure milk to people.


What is meant by transition economies?

The economies which are converting from social market system to capital market system


Why is the market system a profit and loss system?

No


What another name for free market system?

Second Market.


What is another name for Free Market System?

Second Market.


Do you have a free market system in the US?

The economic system in the US is considered a mixed-economy. It has elements of both capitalism (free market system) and that of a socialist economy system.The economic system in the US is considered a mixed-economy. It has elements of both capitalism (free market system) and that of a socialist economy system.The economic system in the US is considered a mixed-economy. It has elements of both capitalism (free market system) and that of a socialist economy system.The economic system in the US is considered a mixed-economy. It has elements of both capitalism (free market system) and that of a socialist economy system.The economic system in the US is considered a mixed-economy. It has elements of both capitalism (free market system) and that of a socialist economy system.The economic system in the US is considered a mixed-economy. It has elements of both capitalism (free market system) and that of a socialist economy system.


What is the best automotive navigation system on the market?

The best navigation system on the market is purely an opinion. There are a handful of great navigation systems on the market, depending on what you are looking for in your GPS system. TomTom and Nuvi are 2 of the many great systems on the market.