What are the essential elements of market economies?

The essential elements of market economies are private property, specialization, consumer sovereignty, seller competition, seller profit, voluntary exchange, and minimal government involvement.

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i hope this

explanation:

max weber's 3 types of authority. the sociologist and philosopher  max weber  distinguishes  three types of authority—charismatic,  traditional  and legal-rational—each of which corresponds to a brand of  leadership that is operative in contemporary society.

i think it was because of how protected egyptian civilization was was which allowed them to evolve without much outside influence.