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28 March, 22:12

How does price serve as an incentive in a market economy?

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  1. 29 March, 00:14
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    How prices serve as an incentive in a market economy is whenever there is a decline in the supply of a particular commodity, what the suppliers do is increase the prices, and in contrast, when there is enough supply, they decrease the prices as well. Hope this answers your question.
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