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The economic system which relies mainly on the price mechanism for the allocation of ...
Classroom
Economics Classroom
Post Utme
Post Utme 0
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The economic system which relies mainly on the price mechanism for the allocation of scarce resources is known as ____________
SchoolNGR Classroom
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
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Correct Answer:
Option A
Explanation:
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