An economic system in which prices are determined by market forces.
（市场）价格体系
Example sentencesExamples
The price system, along with the profit we allow producers to earn for responding effectively to prices, keeps our economic lives orderly in the face of those changes.
Even so, said Mises, without a free price system, scarce resources can never be allocated efficiently.
From the days of Adam Smith, the core insight of modern economics has been that people will usually act in self-interest and that the price system, at least most of the time, is the best available index of what people want.
Even during war, Keynes believed, a market-based price system would allocate resources more efficiently than could a rationing and planning system.
Informed individual decisions on the market are possible because of the information transmitted by the price system, and individuals are guided to act efficiently by the forces of competition.