In a free market economy, resources are allocated through the

Economics

WAEC 2020

A. government department
B. price mechanisms
C. trade union
D. state planning committee.

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Correct Answer: Option B

Explanation

In a free market economy, the allocation of resources and distribution of goods and services are made on the basis of the relative market price known as the price mechanism.

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In a free market economy, resources are allocated through the

Correct Answer: Option B

Explanation

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