What do you mean by the term ‘market process’? a. ​It refers to the way that scarce goods and services are allocated through individual actions and self-interest of buyers and sellers. b. ​It refers to the way that scarce resources are allocated by a government to firms that value them the most. c. ​It refers to the way in which markets adjust to changes in demand and supply. d. ​It refers to a system in which goods and services are exchanged through transactions by private households and firms.

What do you mean by the term ‘market process’?

a. ​It refers to the way that scarce goods and services are allocated through individual actions and self-interest of buyers and sellers.

b. ​It refers to the way that scarce resources are allocated by a government to firms that value them the most.

c. ​It refers to the way in which markets adjust to changes in demand and supply.

d. ​It refers to a system in which goods and services are exchanged through transactions by private households and firms.

 

Answer:

option C

market process theory mainly focus on production changes and adjustment to changes in the centrestage is entreprenual changes and tech changes.

Asked on February 15, 2018 in economics.
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