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The Price System Takes into Account Consumer Preferences in the Distribution

question 239

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The price system takes into account consumer preferences in the distribution of goods and services.


Definitions:

Clemency

A mercy or leniency granted to a convicted individual, often resulting in a reduction of their punishment.

Dwight Eisenhower

The 34th President of the United States (1953–1961), who was a five-star general in World War II and served as Supreme Commander of the Allied Expeditionary Forces in Europe.

Sense of Pride

A feeling of deep satisfaction derived from one's own achievements, the achievements of those with whom one is closely associated, or from qualities or possessions that are widely admired.

Disappointment

the feeling of sadness or displeasure caused by the nonfulfillment of one's hopes or expectations.

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