Question

What are the institutions that help foster the appropriate incentives for economic growth? a) production and export quotas; and supply and demand . b) a dependable legal system, property rights, and competitive and open markets c) communal property rights and absence of a profit-loss system d) regulated labor and credit markets; and unions

Answer 1

Option "B" is the correct answer for the following statement.

Step-by-step explanation:

A reliable legal system, ownership rights, and profitable and open economies are the organizations that help to foster suitable economic growth incentives.

According to many economists, a company's main objective is to increase profits for its shareholders, and in the context of a listed company, its investors are the shareholders.

• Specialization may result in efficiencies, as it allows faster growth. Economic theory indicates that concentration favors development.

• In economic terms, concentration means focusing on one job and not several tasks for productive capacity.