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economic institutions examples
Economics Institutions

Economic Institutions

Economics Institutions defined The term ‘economic institutions’ is usually used for socially sanctioned such concepts and struc­tures which men have developed in the process of satisfying their material needs. Economic institutions provide basic physical subsistence for society and meet needs for food, shelter, clothing and other necessities of life. These insti­tutions include production agriculture and...Read More
Branches of Economics

Branches/Modes of Economics

Economics defined In its most simple and concise definition, economics is the study of how society uses its limited resources. It is a social science that deals with the production, distribution, and consumption of goods and services. Economics focuses heavily on the four factors of production, which are land, labor, capital, and enterprise. These are the four ingredients...Read More