2 Questions
What are political institutions?
Governing bodies and frameworks driving economic growth
What are legal institutions?
Systems of laws and regulations for business and trade
Study Notes
Political Institutions
- Political institutions are organizations or systems that help to govern a country or state
- Examples include governments, political parties, and electoral systems
- These institutions shape the exercise of power and influence in a society
Legal Institutions
- Legal institutions are organizations or systems that provide a framework for administering justice and resolving disputes
- Examples include courts, police departments, and laws
- These institutions help to maintain social order and protect individual rights
Test your knowledge on the governing bodies, legal systems, and cultural influences that shape economic growth and development in the field of development economics.
Make Your Own Quizzes and Flashcards
Convert your notes into interactive study material.
Get started for free
