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10 August, 14:21

Which is NOT a pro-growth institution? Select one: a. property rights b. political stability c. open and competitive markets d. protection of domestic industry

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  1. 10 August, 14:45
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    Pro growth institutions are those that facilitate growth, especially economic growth and development. This

    d. protection of domestic industry is often not a pro growth institution.

    Explanation:

    While protection of domestic industries is a significant and necessary steo tat governments have to take to secure the country's self dependence and independence from foreign investment, it is also not pro growth because of how pro growth is defined.

    Pro growth does not take into account the boundaries of countries and instead view economic growth as an indicator. So, such restrictions hamper economic growth but are necessary to safeguard homegrown industries and keep them secure from outside influence.
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