All of the following except one are considered to be the prerequisite elements for a market system to work effectively.Which is the exception?

Question

Quizplus · Accepted Answer

A balanced government budget is not considered a prerequisite for a market system to work effectively. While sound fiscal policies and stable government finances can support economic growth, they are not fundamental conditions for free markets. The other elements listed are essential ingredients for a functioning market system, including the ability to specialize and exchange goods, fair competition among firms, and secure property rights upheld by a legal framework and social norms.

All of the Following Except One Are Considered to Be