The main institutions necessary for economic growth are

Question

Quizplus · Accepted Answer

Good government provides a stable and predictable environment for businesses to operate in, while well-functioning markets ensure efficient allocation of resources and innovation. Property rights are also important for incentivizing investments, while absence of the rule of law can lead to instability and discourage businesses from entering markets. Collectivized farming and separation of effort from payoff do not necessarily promote economic growth.

The Main Institutions Necessary for Economic Growth Are