"The existence and degree of development of bankruptcy proceedings can be taken as a reasonably accurate measure of the development of a market economy." Discuss this statement,treating the significance to an economic system of having bankruptcy proceedings,the question of priorities,and presence of criminal sanctions.

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The Answer of "The existence and degree of development of bankruptcy proceedings can be taken as a reasonably accurate measure of the development of a market economy." Discuss this statement,treating the significance to an economic system of having bankruptcy proceedings,the question of priorities,and presence of criminal sanctions.

"The Existence and Degree of Development of Bankruptcy Proceedings Can