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Kelsey Bridges
on Nov 11, 2024

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Which of the following is not included in the rules of the game?

A) The laws,customs,conventions,and other institutional elements associated with trade
B) Property rights
C) Ensuring that the market process generates a fair price for all
D) A stable political environment
E) A stable legal system

Rules of The Game

Informal and formal institutions, norms, and conventions that shape interactions and decision-making in economic, social, and political environments.

Institutional Elements

Components of a society's system, including laws, regulations, norms, and conventions that shape economic and social interactions.

Property Rights

This term denotes the legal rights to own, use, and dispose of assets. It's a foundational element of market economies, affecting the allocation and use of resources.

  • Comprehend the effect of economic configurations and strategies on productivity and quality of life.
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Crystal SneedNov 13, 2024
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