Answer:
A well-functioning legal system and the level of economic development
Step-by-step explanation:
Many studies have found an important correlation between a well-functioning legal system and the level of economic development.
This is because a well-functioning legal system protects important things that promote economic growth, like property rights, contracts, and investments.
In other words, a well-functioning legal system gives positive economic incentives to economic agents, which naturally leads to more economic development.