Two social institutions that are essential for trade to be organised are ________.

Name: Two social institutions that are essential for trade to be organised are ________.
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Question

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Markets and property rights are essential for trade to be organized because they provide a framework for the exchange of goods and services. Markets provide a place for buyers and sellers to meet and exchange goods and services, while property rights define who owns what and can therefore be traded.

Two Social Institutions That Are Essential for Trade to Be