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Explain how equilibrium can be achieved in a capitalist system, in a market based on perfect competition? use the words below Keywords: Perfect competition, Supply,
Explain how equilibrium can be achieved in a capitalist system, in a market based on perfect competition? use the words below Keywords: Perfect competition, Supply, Demand, Price mechanism, Invisible hand, Rational decisions, Resource allocation, Scarce resources, Preferences, Benefit, Profit, Income, Efficiency, Opportunity cost, Factors of production, Goods and services, Maximization, Economic liberalism, Individual interests, Division of labor.
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