The available options are:
a. economic institutions
b. none of the options
c. natural resources
d. climate and geography
Answer:
economic institutions
Step-by-step explanation:
Economic Institutions are those vital institutions that have great and both direct and indirect impacts on the economic development of a given society. However, based on contemporary research, economic institutions are those institutions that are considered modern or emerging, which were not existing in ancient times or many centuries ago, such as competitive markets, the banking system, kids’ allowances, customary tipping, and a system of property rights, etc.
Hence, given the available options, the correct answer is ECONOMIC INSTITUTIONS.