RSM219H1 Lecture Notes - Lecture 3: Monopolistic Competition, Perfect Competition, Lenovo
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RSM219H1 Full Course Notes
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Economic system like saying a country; using the factors of production different set of laws and priority. Use the factors of production to use what people want to be better of their needs. Market economies where private individuals make most of deicisions. Market is not a physical place it; the exchange of buys offer and sell offers. Economy theory a market is an exchange of buy offers and exchange offers. Not all market are the same; the ability of buyers to negoitate a good price
