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What Is an Economic Institution? Why Is It Important? Describe

question 21

Essay

What is an economic institution? Why is it important? Describe three economic institutions that regularly impact our daily lives.


Definitions:

Francium

A highly radioactive metal with the atomic symbol Fr, the least stable and most rare naturally occurring element in the periodic table.

Conduct

To transmit or facilitate the transfer of something such as electricity or heat.

Atoms

The basic units of matter composed of a nucleus surrounded by electrons, representing the smallest component of an element that retains its chemical properties.

Compound

A substance formed by the chemical combination of two or more elements in fixed proportions.

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