This article investigates the various characteristics that enhance the efficiency of market mechanisms. Market efficiency is essential for optimizing resource allocation, minimizing waste, and boosting overall productivity within economies. Our analysis covers the theoretical underpinnings and empirical studies pertinent to market structures, regulatory influences, technological advancements, and the symmetry of information. We delve into different facets of market mechanism design, including the importance of competition and the transformative impact of digital technologies on market operations. By integrating theoretical frameworks with real-world evidence, this study aims to shed light on effective strategies to improve the functioning and efficiency of markets, thereby facilitating better economic outcomes.