Free price system
id:
free-price-system-257-13563525
title:
Free price system
text:
A free price system or free price mechanism is a mechanism of resource allocation that relies upon prices set by the interchange of supply and demand. The resulting price signals communicated between producers and consumers determine the production and distribution of resources. Therefore the free price system rations supplies, distributes income, and allocates resources. A free price system contrasts with an administered price system, where prices are administered by government in a controlled
brand slug:
wiki
category slug:
encyclopedia
description:
Mechanism of resource allocation
original url:
https://en.wikipedia.org/wiki/Free_price_system
date created:
date modified:
2024-02-08T08:36:22Z
main entity:
{"identifier":"Q5500275","url":"https://www.wikidata.org/entity/Q5500275"}
image:
fields total:
13
integrity:
14