Respuesta :
The insitutional structures that promted the economic growth should be
- Financial institutions
- A competitive market system
- Patents and copyrights
- Strong property rights
- Widespread education
Promotion of the institutional structures for the economic growth:
The financial insitutions where the saving should be produced by the household for the inventors, businesses, etc. There should be the market system i.e. competitive in nature where the prices & profits represent the signals for how to make and what to make. The patent & copyrights provides the inventors the right for sell the creations. There should be strong property rights where the citizen has the right for their investment and property. And, there should be enough education for the working class so that the innovation related to the technology should be promoted.
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