Market system is a profit-and-loss economy
Evaluate and explain the statements: “The market system is a profit-and-loss economy”
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The quotation is accurate. To produce income in a market system are motivated by attempt producer decisions. Those products that enable a firm to earn at least a normal profit will be produced. If the manufactured goods is not be formed for a profit, in other words we can say, if losses are concerned in manufacture, capitalist firm will respond by seeking lower cost production methods and may stop the making of goods completely.
surpluses drives price down,shortages drive up
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