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Macroeconomics + Economy 2009 Update 18th Edition by Campbell McConnell, Sean Masaki Flynn,Stanley Brue
Edition 18ISBN: 9780077354237Macroeconomics + Economy 2009 Update 18th Edition by Campbell McConnell, Sean Masaki Flynn,Stanley Brue
Edition 18ISBN: 9780077354237 Exercise 20
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
In market system individual owns and con...
Macroeconomics + Economy 2009 Update 18th Edition by Campbell McConnell, Sean Masaki Flynn,Stanley Brue
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