In a Pure Capitalist System What Determines the Price of Goods

question 45

Multiple Choice

In a pure capitalist system what determines the price of goods and services?

• A)the government
• B)supply and demand
• C)the actual cost of production
• D)the International Monetary Fund

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Definitions:

Reality

The state of things as they actually exist, as opposed to an idealistic or notional idea of them.

Endorsement

Formal support or approval of someone or something, often used in marketing to imply credibility.

Recurring Coalitions

Coalitions or alliances that form repeatedly over time, usually in response to common interests or objectives.

Coalitions Form

The process by which groups come together to form alliances, often to achieve a common goal or address a shared concern.