Rules restrict how we interact with others and therefore, Ask an Expert

Economics

Rules restrict how we interact with others and, therefore, restrict our ability to engage in exchange. Given these are undesirable (from an economic standpoint), what benefits to rules provide us? What is the difference between formal and informal rules? Between constitutional and post-constitutional rules? When would you expect constitutional rules to be effective? Why?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M92634126

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