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Economic Institutions

34 of 153 entries in Institutions and Social Structures. Click any to see everything it connects to.

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Institutions organizing production, exchange and ownership: property as the institution of rights over resources, the market as the institution coordinating exchange through price, and the guild as a historical institution organizing a trade or craft and controlling entry to it. Belongs here: an institution whose primary function is economic production, exchange or ownership. Does not belong here: an institution whose primary function is governing or adjudicating rather than producing or exchanging, grouped under Political and Legal Institutions.

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