According to most economists, the development of markets is:
A)neither a necessary nor a sufficient condition for development.
B)a necessary condition for development but not a sufficient condition.
C)a sufficient condition for development but not a necessary condition.
D)both a necessary and a sufficient condition for development.

Question

Quizplus · Accepted Answer

Most economists believe that while markets are necessary for development as they facilitate trade, investment, and efficient resource allocation, they are not sufficient on their own. Other factors such as institutions, infrastructure, and education are also crucial for development.

According to Most Economists, the Development of Markets Is