A successful market economy requires

Question

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Well-defined property rights and an independent court system to adjudicate disputes based on the law are essential for a market economy to function properly. This ensures that individuals and businesses can freely trade and exchange goods and services without fear of theft or fraud, and that disputes can be resolved fairly and impartially. Government-controlled banking systems and price controls, generous unemployment benefits and paid medical leave, and limits on immigration are all interventions that can distort markets and reduce economic efficiency. An equitable distribution of income may be desirable from a social perspective, but is not essential for a market economy to function.

A Successful Market Economy Requires