I was doing the late night preparation for the 12th class board exams 2022-2023 session. I am doing deep study and found some of the important terms and definitions. I hope answer will help other students too.
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I was doing the late night preparation for the 12th class board exams 2022-2023 session. I am doing deep study and found some of the important terms and definitions. I hope answer will help other students too.
The is “Price mechanism”
To explain – In a free market price is determined by free-market forces (Generally price is that force).of demand and supply. Which makes the companies (producers) plan what, how, and for whom they should produce.