What kind of a system is the economic institution?

Question

Quizplus · Accepted Answer

The economic institution is a cultural and social system, as it is shaped by cultural norms, values, and beliefs, as well as social structures and relationships. It influences how people produce, distribute, and consume goods and services within a society. While religion, education, and language can also impact economic activities, they are not the primary defining features of the economic institution. There are also economic systems that exist outside of American culture, making D an incorrect option.

What Kind of a System Is the Economic Institution