Which of the following is important in the development of a large economy dominated by trade between parties who do not know each other (depersonalized exchange) ?
A) having few or minimal constitutional rules to avoid preventing the democratic institutions of a country from working to their fullest potential
B) having a sound legal system that protects property and enforces contracts
C) the presence of abundant natural resources
D) heavy government regulation and control of prices so that individuals do not try to take advantage of one another in market exchange
Correct Answer:
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