what is the similarities between economic institution and non-state institution?
Answers
state is about the institutions own by governments. while non state is owned by individual / organization who are powerful to influence regarding policies but not connected to Government agencies.
Answer:
The correct answer of this question is State institutions are those endorsed and supported by a central state, and part of the formal state structure and Non-state institutions are those that operate outside of the formal support and endorsement of the state structure,
Explanation:
Given - The similarities between economic institution and non-state institution .
To Find - Write what is the similarities between economic institution and non-state institution?
State institutions are those that are sanctioned and supported by a central government and are part of the formal state structure. Non-state institutions are those that operate outside of the state structure's formal support and endorsement, though they may be recognised to some extent within that formal structure. Non-government institutions do not have access to violent coercion to control the actions of others, whereas state institutions do.
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