
Macroeconomics 20th Edition by Campbell McConnell,Stanley Brue,Sean Flynn
Edition 20ISBN: 978-0077660895
Macroeconomics 20th Edition by Campbell McConnell,Stanley Brue,Sean Flynn
Edition 20ISBN: 978-0077660895 Exercise 13
Evaluate and explain the following statements:
a. The market system is a profit-and-loss system.
b. Competition is the disciplinarian of the market economy
a. The market system is a profit-and-loss system.
b. Competition is the disciplinarian of the market economy
Explanation
(a) Market system itself acts as the org...
Macroeconomics 20th Edition by Campbell McConnell,Stanley Brue,Sean Flynn
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