Name at least four institutional structures that promote and sustain modern economic growth. What other factors also influence a nation’s capacity for economic growth?

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Economic historians have identified six institutional structures that promote and sustain modern economic growth. These institutions include: strong property rights; patents and copyrights; efficient financial institutions; literacy and widespread education; free trade; and, a competitive market system. Other factors that have been found to influence economic growth include a country’s social-cultural-political environment, a positive attitude towards work and risk-taking, and the virtual lack of moral and social taboos on production and material progress.