Which of the following is (are)NOT an institution of economic growth?

Question

Quizplus · Accepted Answer

Labor unions are not an institution of economic growth. While they can advocate for better wages and working conditions for their members, they can also hinder economic growth by creating higher labor costs for employers and reducing flexibility in the labor market. The other options - property rights, honest government, and competitive and open markets - are all institutions that are essential to economic growth. Property rights allow for individuals to invest and innovate without fear of theft or expropriation. Honest government ensures that the rule of law is enforced and that corruption is minimized, allowing for businesses and individuals to operate with confidence. Finally, competitive and open markets allow for innovation, entrepreneurship, and efficient allocation of resources.

Which of the Following Is (Are)NOT an Institution of Economic