The economic system which relies mainly on the price mechanism for the allocation of scarce resources is known as ____________ - SchoolNGR

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The economic system which relies mainly on the price mechanism for the allocation of ...

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Economics
Post Utme
Economics

The economic system which relies mainly on the price mechanism for the allocation of scarce resources is known as ____________

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Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE

A Capitalist economic system
B Command economic system
C Combined economic system
D Traditional economic system

Correct Answer: Option A

Explanation:

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