word
Institutional Economics
in-stih-TOO-shun-ul ee-kuh-NOM-iks
/ˌɪnstɪˈtuːʃənəl ˌiːkəˈnɒmɪks/Listen
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Syllable breakdown
institutionaleconomics
Dictionary meaning
Approach focusing on how institutions, rules, norms, and culture shape economic behavior and outcomes
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