A country's institutional environment consists of its rules,policies,and enforcement processes.

Question

Quizplus · Accepted Answer

A country's institutional environment can be defined as the framework of rules, policies, and enforcement processes that shape how individuals and firms interact with each other and with the government. This includes things like property rights, contract enforcement, regulations, political stability, and the rule of law. All of these institutional factors can have important implications for economic growth, investment, and business development in a country.

A Country's Institutional Environment Consists of Its Rules,policies,and Enforcement Processes