What are Institutions?

Title:
What are Institutions?
Description:

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.

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Video Language:
English
Team:
Marginal Revolution University
Project:
Dictionary of Economics
Duration:
02:38
http://www.youtube.com/watch?v=cs0WHlIaTYQ
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Added   by Marilia_PM
Format: Youtube
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