Discussion: "Institutions"
Please respond to the following:
Based on the scenario and the knowledge gained from this section, address the following:
Every country in the world is constructed around the same set of institutional frameworks that differ only in how governments manage them. Identify the specific components of an institution. Next, use two examples of institutions-such as a financial system, a judicial system, or the armed forces-to illustrate what developing countries overall have done to weaken or strengthen such institutions.