Two social institutions that are essential for trade to be organized are .

Question

Quizplus · Accepted Answer

Markets provide a platform for buyers and sellers to come together to exchange goods and services. For trade to be organized, property rights must be established so that individuals have the right to own and dispose of property as they see fit. These institutions provide the necessary structure for trade to occur in a fair and organized manner. While businesses and banks may be important for facilitating trade, they are not essential institutions that must be present for trade to occur.

Two Social Institutions That Are Essential for Trade to Be