What is one way that economic institution sustain themselves over time?
1 answer
One way that economic institutions sustain themselves over time is by constantly adapting and innovating. They need to adjust their strategies, products, and services to meet the changing needs and preferences of their customers. This allows them to remain relevant and competitive in the market. Additionally, economic institutions need to invest in research and development to create new technologies, improve efficiency, and stay ahead of their competitors. By embracing innovation and continuously evolving, economic institutions can ensure their long-term survival and success.