lakshay2168
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discuss the importance of price in the effective operation of a mixed economy.
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dean01234
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(Original post by lakshay2168)
discuss the importance of price in the effective operation of a mixed economy.
Your post leaves something to be desired...

Look at the mark scheme for more helpful insight.

Basically price does 3 things. It acts as a signal, rationing device and incentive. It all essentially comes down to making the market mechanism (invisible hand) work effectively, although you can evaluate because its a mixed economy rather than free market.
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