japanese oil dance The market can indeed be described as a laissez-faire pricing mechanism. However, this price mechanism does not operate in a vacuum, and does not work effectively in any social system. The basic premise of the efficient operation of the price mechanism is the implicit assumption of Smith: to recognize individual "lusts" and to clear and protect individual property rights. Clear and guaranteed personal property is the basic premise of market existence. It is necessary to recognize the personal "lusts" and to ensure that individual property rights are supported by the corresponding institutions, which are not in our society. An open market enables enterprises to compete and cooperate with each other on a larger scale and at a higher level to promote economic development. A report by the GMB union this summer warned that the number of workers who could be dismissed at short notice was nearer 10 million.