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price mechanism

noun
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variants: or price system

Definition of price mechanism

: a system of price determination and allocation of goods by free market forces

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Dictionary Entries Near price mechanism

price-mark

price mechanism

price of money

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Cite this Entry

“Price mechanism.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/price%20mechanism. Accessed 22 Oct. 2021.

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