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What is a regulatory mechanism of the market system?

In: Economics [Edit categories]

Answer:

One market regulatory mechanism is consumer demand. People want one thing, and they want it safe, new, and cheap. Companies that provide the best succeed, those that create shoddy, unsafe, or expensive goods go out of business.

First answer by ID1168878484. Last edit by ID1168878484. Question popularity: 151 [recommend question].

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