See
discussions, stats, and author profiles for this publication at:
https://www.researchgate.net/publication/366644336
Economic Systems and Institutions
Article
· December 2022
DOI: 10.47191/ijmei/v8i12.06
CITATIONS
0
READS
157
1 author:
Ayousha Fayyaz
University of Miskolc
5
PUBLICATIONS
0
CITATIONS
SEE
PROFILE
All content following this page was uploaded by
Ayousha Fayyaz
on 17 January 2023.
The user has requested enhancement of the downloaded file.
Available online at
www.rajournals.in
International Journal of Management and Economics
Invention
ISSN: 2395-7220
DOI:
10.47191/ijmei/v8i12.06
Volume:
08
Issue:
12 December 2022
International
Open Access
Impact Factor:
7.193 (SJIF)
Page no.-2762-2767
2762
Ayousha Fayyaz, IJMEI Volume 08 Issue 12 December 2022
Economic Systems and Institutions
Ayousha Fayyaz
University of Miskolc
ARTICLE INFO
ABSTRACT
Published Online:
28 December 2022
Corresponding Author:
Ayousha Fayyaz
This paper focuses on a short review on the literature of institutions and economic systems, and the
relationship between them. The institutions play a significant role in the economic development of a
country. The study also focuses on the role of institutions in determination of financial prices, rate of
return and social capital incorporated in a system.
Protection of property rights, enforcement of
effective law and efficient administration, as well as a variety of norms and civic mores, have all been
related to greater economic performance over time. The results of this study
can be utilized in the
research of institutional economics, as they focus on bringing together different types of coordination
systems in market economy.
