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Economic institutions are complex and durable features of society that are important to the economy. These exist at the global, national, regional and local level and range from central banks that control money supplies and interest rates down to small businesses and families that play an enduring economic role. Economic institutions are each part of the global economy and provide stability by virtue of their durability. The following are common examples of economic institutions.
Antitrust Authorities | Banks | Bullion Banks | Businesses | Census Bureaus | Chambers of Commerce | Clearinghouses | Commodity Exchanges | Consumer Protection Agencies | Credit Card Companies | Credit Rating Agencies | Credit Unions | Currency Boards | Department of Commerce | Families | Family Offices | Financial Technology Companies | Government-Sponsored Enterprises | Hedge Funds | Industry Associations | Insurance Companies | Intellectual Property Offices | International Development Banks | International Monetary Fund | International Trade Organizations | Investment Banks | Labor Unions | Land Registries | Markets | Mutual Funds | National Statistics Offices | Payment Platforms | Pension Funds | Price Control Boards | Private Equity Firms | Product Certifications | Professional Associations | Real Estate Investment Trusts | Regional Development Banks | Regulatory Agencies | Research Centers | Social Security Systems | Sovereign Wealth Funds | Standards Organizations | Stock Exchanges | Tax Authorities | Tourism Boards | Universities | Venture Capital Firms | World Trade Organization |
SummaryEconomic institutions are complex and enduring structures that are important to the economy. As these are complex, they are difficult to replicate such that they can help to explain the difference between advanced and developing economies. As they are enduring, they help to provide economic stability over time.Next: Institutions
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