What are Institutions?

What are institutions? When economists use this term, they mean property rights, an honest government, political stability, a dependable legal system, and competitive and open markets. --------------------------------------------------------------- Subscribe for new videos every Tuesday! http://bit.ly/1Rib5V8 Dictionary of Economics Course: http://bit.ly/2JHKswh Additional practice questions: http://bit.ly/2HGkBYQ Ask a question about the video: http://bit.ly/2rcW9UO Help translate this video: http://bit.ly/2rchihW
Date: 
2018-05-01 05:26:59
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