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7 February, 08:55

Which one of the following is not an institutional requirement for markets to operate smoothly? Group of answer choices A equal balance of economic power among buyers and sellers Social institutions of trust Money as a medium of exchange Individualist institutions related to private and decision making Infrastructure for the flow of goods and information

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  1. 7 February, 11:20
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    A equal balance of economic power among buyers and sellers.

    Explanation:

    For a market to operate smoothly the operational requirement required include:

    1. Social Institutions of trust

    2. Money as a medium of exchange

    3. Individualist institutions related to private and decision making.

    When a market is operating smoothly it means that the financial safety net and settlement system works efficiently. Traders can operate seamlessly without delays in payments.

    The option that is not a requirement for smooth operation of the market is - equal balance of economic power among buyers and sellers.
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