Zhang Wen
Abstract
High efficiency of resource allocation of the market is based on certain social conditions. The most important conditions include operable competition, good moral character, a sound market economy system and fair law. Government plays an important role in creating these conditions.
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High efficiency of resource allocation of the market is based on certain social conditions. The most important conditions include operable competition, good moral character, a sound market economy system and fair law. Government plays an important role in creating these conditions.
Key concepts: Resource allocation, Resource (disambiguation), Competition (biology), Government (linguistics), Economics, Microeconomics, Character (mathematics), Market competition