The regulatory mechanism of the market system is:
A. Self-interest.
B. Private property.
C. Competition.
D. Specialization.
Answer:C
The regulatory mechanism of the market system is:
A. Self-interest. B. Private property. C. Competition. D. Specialization.
Explanation: The regulatory mechanism in the free market system is competition. Competition drives the acquisition and use of economic resources and the sale of goods and services to consumers. High competition is a natural factor for keeping production costs low to attract more consumers into buying a company’s products.