Competition. D) specialization. B. The government body's primary function in a market economy is to regulate and monitor the financial and economic system. How a Regulated Market Works . Specialization in production is important. "Through government leadership and direction." The key mechanism of a market economy is competition. Competition. Competition. B. private property. Independently acting buyers & sellers in each market. 18. competition. That includes the elderly, children, and people with mental or physical disabilities. In the market system, competition, freedom of choice, self-interest, and personal reward provide the opportunity and motivation for technological advance. 19. The regulatory mechanism of the market system is: A) self-interest. has excess production capacity. Results in greater total output. Price is the rationing mechanism. The market system's answer to the fundamental question "How will the system accommodate change?" As a result, it has no system to care for those who are at an inherent competitive disadvantage. Consumer sovereignty refers to the: A) fact that resource prices are higher than product prices in capitalistic economies. B) private property. Division of labor. The nervous system and the endocrine system are the two major regulatory systems in the body. Structure of Indian Financial System Financial structure refers to shape, components and their order in the financial system. True or false: Technology and capital goods are synonymous concepts in a market system. Original title: the Party committee of China Securities Regulatory Commission conveys, studies and implements the spirit of the central economic work conference After the successful closing of the central economic work conference, the Party committee of the CSRC held a special meeting that afternoon to study and study the preliminary arrangements for implementing the spirit […] Disadvantages of a Market Economy . Workers specialize in various production tasks. 2. should be larger to better satisfy consumers' desire for the product. For example, for the S&P 500, a circuit breaker may be … Financial regulation is a form of regulation or supervision, which subjects financial institutions to certain requirements, restrictions and guidelines, aiming to maintain the stability and integrity of the financial system.This may be handled by either a government or non-government organization. Circuit breakers function automatically by stopping trading when prices hit predefined levels. Regulatory mechanism of the market system. if this occurs there is the potential of … However a successfull competitor the potential of driviing rivals out of business. D. specialization. B) idea that the pursuit of self-interest is in the public interest. C) competition. specialization. private property. "the regulatory force in the market system bears the seeds of its own destruction" Competition is the regulatory mechanism of the market economy. Transfer function: A financial system provides a mechanism for the transfer of the resources across geographic boundaries. 25.The regulatory mechanism of the market system is: Answer self-interest. is essentially: A. 26.Economic profits in an industry suggest the industry: Answer can earn more profits by increasing product price. Which of the following best serves as the regulatory mechanism of the market system? Market-based instruments differ from other policy instruments such as voluntary agreements (actors voluntarily agree to take action) and regulatory instruments (sometimes called "command-and-control"; public authorities mandate the performance to be achieved or the technologies to be used). In a free competitive market what is the rationing mechanism? C. competition. 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