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While the existence of property rights – and hence of a minimal state that enforces them – has been recognized as a precondition for markets even by most libertarian thinkers, other preconditions are often not made explicit in economic approaches to markets, and are more controversial.
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This type of embeddedness in a transitional market economy, as a precondition for market development, using Jens Beckert's words, "relies on increasingly more reflexively gained self-civilization" (Beckert, 2002 294).
Therefore, smooth and transparent supply chain relationships are considered as preconditions for market competitiveness and profitability (Jang and Olson 2010; Jarzebowski et al. 2013) and coordination contracts represent effective tools to trace and promote high-quality productions (Bertazzoli et al. 2011; Morales et al. 2013).
Are Weberian bureaucracies a precondition for capitalist markets or is it the other way around?
Yet, as economists ever since Adam Smith have delighted in pointing out, the clash of self-directed wills in the competitive market environment serves as an essential legal and social precondition for the market system to operate.
Engaging in bribery is not a precondition for emerging market success.
Predictable rules of the game are a fundamental precondition for stable financial markets.
There they demand that every company takes on the universal service obligation as a precondition for access to the market.
Precondition for this is a fast market penetration of electric cars in the next years so that economies of scales (as considered in this study) take effect.
The Bush Administration's bailout of the banking industry and the Federal Reserve's emergency lending programs helped stabilize the financial markets, an essential precondition for a turnaround.
She added that the bailout was "the precondition for creating new confidence in the markets and that is of incredibly great significance".
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