21. On the other hand, the presence of a pool of unemployed labor has long been considered a necessary part of an efficient market economy. 22. Others criticize the proposals as a precursor to less efficient markets. 23. The acceptance of ethnic differences also creates uniquely efficient market niches. 24. The rise of the mini-mill has provided an efficient market for the steel in a car hulk. 25. Understanding it requires a short primer on efficient market theory, which luckily is not as dry as it sounds. 26. Which country, Russia or China, is likely to achieve an efficient market economy first? |