Question

How does this institution influence global economic activity?

Answer 1

Answer:

Institution strongly affect the economic development of countries and act in society at all levels by determining the frameworks in which economic exchange occurs.They determine the volume of interactions available ,the benefit from economic exchange and the form which they can take.

Answer 2

This institution influence global economic activity.

• The 190 nations that make up the International Monetary Fund (IMF) strive for sustainable growth and prosperity. In order to boost productivity, job creation, and economic well-being, it accomplishes this by supporting economic policies that encourage monetary cooperation and financial stability.
• Transactions, a single word, can describe how the world economy operates. Foreign trade between the world's major economies contributes to the survival of the global economy. These interactions primarily consist of trading between different nations.
• The World Bank, the International Monetary Fund (IMF), and the World Trade Organization are the three principal international economic organisations (WTO).
• The total of economic activity that take place both within and between nations can be referred to as the global economy. With its own industrial production, labour market, financial market, resources, and environment, each nation is a distinct entity.

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