Examlex
Which of the following statements is not true?
Price Mechanism
The system by which the prices of goods and services are determined in a free market, based on the principles of supply and demand.
Central Planning Agency
An organization responsible for directing economic activity according to a comprehensive plan, often in a centrally planned economy.
Business Firms
Entities that engage in commercial, industrial, or professional activities with the goal of generating profits for their owners or shareholders.
Equity
Ownership interest in a corporation in the form of common stock or preferred stock, representing a claim on its earnings and assets.
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