Question

industry is institutional structure of an institution which by nature is: *
a. political
b. culture
c. economic
d. social​

Answer 1

Answer:

culture is the answer.

Explanation:

Ok PLEASE MARK AS BRAINLIST

Answer 2

Answer:

c. economic

Industry is institutional structure of an institution which by nature is economic.

Explanation:

Economic institutions serve as the policy-making capital stock. Institutions have an impact on how economic policy is created, evaluated, and implemented in the real world. In practice, events frequently differ greatly from what is written about them. Economic actors observe what actually occurs. institutions are structured is important for how economic actors evaluate the legitimacy of policies.

Economic institutions have a significant impact on investments in human and physical capital, technology, and industrial production, among other things. Economic institutions are known to be crucial for resource distribution in addition to playing a crucial role in economic growth. Economic institutions are crucial because they shape how society's economic incentives are set up. Without property rights, people won't be motivated to invest in their human or physical capital or use more advanced technologies.

• Institutions shape the frameworks within which economic exchange takes place and have a significant impact on the economic development of nations. They also have an impact on society at all levels. They decide how many interactions are possible, what benefits come from trading goods and services, and what forms those interactions can take.
• Institutional structures may limit the options available to government bodies or individual policymakers. By separating the executive, legislative, and judicial branches of the government, for example, the policy-making process can be held accountable to multiple government power centers and subject to their regulation.

Economic institutions:

Industry is institutional structure of an institution which by nature is economic.

• The National Bureau of Economic Research (a private research organization).
• The U.S. Federal Reserve (the government's money producer).
• The Internal Revenue Service (the IRS—the government's tax-collection agency).