Which of the following institutional arrangements foster economic growth?
A) A judicial system that resolves disputes.
B) An anti- trust body scrutinising market competition.
C) A political system that protects its citizens.
D) All of the above.
E) Only A and B.

Question

Quizplus · Accepted Answer

All of the above options are institutional arrangements that can foster economic growth. A judicial system that resolves disputes creates a stable environment for businesses to operate and invest in. An anti-trust body scrutinising market competition prevents one or a few large companies from monopolising the market and stifling competition, which ultimately limits innovation and economic growth. A political system that protects its citizens ensures that their rights and property are secure, which encourages investment and job creation. All of these institutional arrangements promote economic growth when they function effectively together.

Which of the Following Institutional Arrangements Foster Economic Growth