What is the definition of liquidity

Liquidity describes the degree to which an asset or security can be quickly bought or sold in the market without affecting the asset's price. Market liquidity refers to the extent to which a market, such as a country's stock market or a city's real estate market, allows assets to be bought and sold at stable prices.

answer; ///the correct answer is,by introducing a merit system of nobility.

answer; i believe that the correct answer is (chronological order);