In economics, a price system is a component of any economic system that uses prices expressed in any form of money for the valuation and distribution of goods and services and the factors of production. Except for possible remote and primitive communities, all modern societies use price systems to allocate resources, although price systems are not...
Found on
http://en.wikipedia.org/wiki/Price_system
Same as market mechanism.
Found on
http://www-personal.umich.edu/~alandear/glossary/p.html
a means of organizing economic activity. It does this primarily by coordinating the decisions of consumers, producers, and owners of productive ... [8 related articles]
Found on
http://www.britannica.com/eb/a-z/p/111
No exact match found.
