Examlex
Which of the following factors is NOT required for a society to develop a system of customary law?
Equilibrium Conditions
Refers to the state where market supply and demand balance each other, and as a result, prices become stable.
Clear All Markets
A theoretical situation where supply equals demand in all markets, leading to economic equilibrium.
Efficiency
The ability to accomplish a task or a set of tasks with the minimum expenditure of time and resources.
Equity
Fairness or justice in the way people are treated and decisions are made, often relating to economic policies or distribution of resources.
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