An economy system that uses what is regarded as the “Market mechanism” is called_______

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Economics JAMB 2019

An economy system that uses what is regarded as the “Market mechanism” is called_______

  • Mixed economy
  • Socialism
  • Command economy
  • Capitalism checkmark

The correct answer is: D

Explanation

The market mechanism is solved through the Forces of demand and supply in the capitalist economy which is also known as free enterprises or free market economy.

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