price mechanism

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King Cobra snake in Malaysia. (reptile)

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Queen Elizabeth II addresses at opening of Parliament. (Date unknown on photo, but may be 1958, the first time the opening of Parliament was filmed.)

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The Battle of New Orleans, by E. Percy Moran, c. 1910. Andrew Jackson, War of 1812.

26 Decade-Defining Events in U.S. History

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price mechanism

economics

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characteristics

In price
…system is called the “price mechanism,” and it assumes prices naturally move until the supply of a product matches demand.
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