Question

Describe the features and functions of institutions that govern the global economy

Answer 1

They work for social welfare. they have high responsibility towards the national and state authorities. A person can not do all the work by his own . To work for the welfare he /she needs more people to engage in the work . That's a institution is needed for the development and growth of the economy. They do many work like taking care of the facilities and perks of poor people , equality of rights, religion, caste and so on.