In a market system, the major coordination tasks are carried out
A)with the approval of central planners.
B)as part of the regular appropriation process of Congress.
C)irregularly by the major corporations.
D)automatically by the market mechanism.

Question

Quizplus · Accepted Answer

In a market system, coordination tasks are carried out automatically by the market mechanism. This means that through the process of supply and demand, prices are established and resources are allocated efficiently without the need for central planners or government intervention.

In a Market System, the Major Coordination Tasks Are Carried