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Meaning of “economic institution” in the English Dictionary

"economic institution" in Business English

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economic institutionnoun [C]

uk   us   ECONOMICS, GOVERNMENT, FINANCE
a ​company or an ​organization that ​deals with ​money or with ​managing the ​distribution of ​money, ​goods, and ​services in an ​economy. Banks, ​governmentorganizations, and ​investmentfunds are all ​economicinstitutions: Technical ​assistance will be needed to ​rebuildessentialeconomicinstitutions after this upheaval.
(Definition of economic institution from the Cambridge Business English Dictionary © Cambridge University Press)
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