question archive The term institutions, as used in economics, is best defined as a
The term institutions, as used in economics, is best defined as a
Subject:EconomicsPrice: Bought3
The term institutions, as used in economics, is best defined as
a. The knowledge regarding how the world works and how to produce
b. Any organizations that seek to promote the social interest.
c. The formal and informal rules agreed upon by society that define what behaviors are acceptable.
d. The banks that lend money to entrepreneurs
