Meaning of “economic institution” in the English Dictionary

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"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, government organizations, and investment funds are all economic institutions:

Technical assistance will be needed to rebuild essential economic institutions after this upheaval.

(Definition of “economic institution” from the Cambridge Business English Dictionary © Cambridge University Press)