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price mechanism
The price mechanism is a term which refers to the buyers and sellers to negotiate prices for goods or services depends on supply and demand. The mechanism of price or market-based mechanisms refer to a wide variety of ways to match buyers and sellers through price rationing.
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- Part of Speech: noun
- Synonym(s):
- Blossary:
- Industry/Domain: Economy
- Category: Economics
- Company: The Economist
- Product:
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