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Economics 19th Edition by Stanley Brue, Cambell McConnell, Campbell McConnell, Sean Masaki Flynn, Sean Flynn
Edition 19ISBN: 978-0076601783Economics 19th Edition by Stanley Brue, Cambell McConnell, Campbell McConnell, Sean Masaki Flynn, Sean Flynn
Edition 19ISBN: 978-0076601783 Exercise 6
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
Verified
Verified
(a) Market system itself acts as the org...
Economics 19th Edition by Stanley Brue, Cambell McConnell, Campbell McConnell, Sean Masaki Flynn, Sean Flynn
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