________ economies are based on laws.

Question

Quizplus · Accepted Answer

Mature economies are based on established laws and regulations which create a stable and predictable environment for businesses and individuals to operate in. These economies have well-developed legal systems that protect property rights, enforce contracts, and provide a framework for resolving disputes. In contrast, emerging and developing economies may have less established legal systems, while depressed economies may have laws that are not effectively enforced or may lack sufficient legal protections.

________ Economies Are Based on Laws