2018 Jiangsu Public Institution Examination Economics (Accounting and Auditing) Real Questions

As follows:

Answer: Extended information

It mainly examines the knowledge points of market mechanism:

Allocating resources through market competition Method, the mechanism through which resources are allocated through free competition and free exchange in the market, is also the realization form of the law of value. Specifically, it refers to the interconnection and interaction mechanism between supply and demand, price, competition, risk and other factors within the market mechanism.

There are general and special market mechanisms. General market mechanisms exist and function in any market, mainly including supply and demand mechanisms, price mechanisms, competition mechanisms and risk mechanisms. Specific market mechanisms refer to market mechanisms that are specific and play a unique role in various markets, mainly including the interest rate mechanism in the financial market, the exchange rate mechanism in the foreign exchange market, and the wage mechanism in the labor market, etc.

Market operating mechanism is the overall function of the market economy and the most important driving factor in the economic growth process. The launch of the industrial revolution was based on the market operating mechanism. In other words, the growth process of modern productivity with industrialization as the core was driven by the market operating mechanism. The market operating mechanism is an indispensable and important aspect of the development of economic socialization and even economic globalization.