regulatory mechanism of capitalism. It limits the use of economic power since no single firm or individual is large enough or strong enough to control a market and exploit the other buyers or sellers. Markets and prices. Perhaps the most feature of the market economy is the use of the price mechanism for allocating resources to various uses. The price system is an elaborate system of communications in which innumerable free choices are aggregated and balanced against each other. The decisions of producers determine the supply of a commodity; the decisions of buyers determine the price. Changes in demand and supply cause changes in market prices and it is these movements in market prices which bring about the changes in the ways in which society uses its economic resources. Vocabulary: according to müvafiq olaraq – appearance peyda olma – argue (v.) mübahisə etmək – arise (v.) meydana gəlmək – bargain (v.) razılığa gəlmək – backward geri qalmış – broad geniş – carry out (v.) həyata keçirmək – custom adət – determine (v.) təyin etmək – develop (v.) inkişaf etdirmək – devise (v.) fikrini dəyişmək – distant məsafə – distribution bölgü – division bölünmə – exist (v.) mövjud olmaq – equal pay bərabər ödəniş – fairly kifayət –
regulatory mechanism of capitalism. It limits the use of economic power since no single firm or individual is large enough or strong enough to control a market and exploit the other buyers or sellers. Markets and prices. Perhaps the most feature of the market economy is the use of the price mechanism for allocating resources to various uses. The price system is an elaborate system of communications in which innumerable free choices are aggregated and balanced against each other. The decisions of producers determine the supply of a commodity; the decisions of buyers determine the price. Changes in demand and supply cause changes in market prices and it is these movements in market prices which bring about the changes in the ways in which society uses its economic resources. Vocabulary: according to – müvafiq olaraq appearance – peyda olma argue (v.) – mübahisə etmək arise (v.) – meydana gəlmək bargain (v.) – razılığa gəlmək backward – geri qalmış broad – geniş carry out (v.) – həyata keçirmək custom – adət determine (v.) – təyin etmək develop (v.) – inkişaf etdirmək devise (v.) – fikrini dəyişmək distant – məsafə distribution – bölgü division – bölünmə exist (v.) – mövjud olmaq equal pay – bərabər ödəniş fairly – kifayət
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