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Shanu posted an Question
September 02, 2020 • 22:51 pm 75 points
  • UGC NET
  • Economics

Any four limitations of price mechanism

any four limitations of price mechanism in economics or according to economics

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  • Anonymous User best-answer

    The following points highlight the nine major limitations of the price mechanism. Some of the limitations are: 1. Perfect Market is an Unreal Market 2. Sellers Influence Prices in the Real World 3. Price Adjustment is not Automatic 4. Consumer’s Sovereignty is Unreal 5. Competition Leads to Monopoly 6. Wastage of Resources May Occur and Others.

  • Anonymous User Best Answer

    The following points highlight the nine major limitations of the price mechanism. Some of the limitations are: 1. Perfect Market is an Unreal Market 2. Sellers Influence Prices in the Real World 3. Price Adjustment is not Automatic 4. Consumer’s Sovereignty is Unreal 5. Competition Leads to Monopoly 6. Wastage of Resources May Occur and Others.

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