Economists generally do not define an institution as a

Question

Iyana Rivers

Social Studies

3 October, 06:01

Economists generally do not define an institution as a

+2

Answers (1)

Know the Answer?

Patricia Duncan · Answer 1

Economists generally do not define an institution as a legal system which enforces law or contracts. Economists do, however, define an institution as a government free of corruption, that controls resource allocation, and that is a strong monetary system.