English Language · English
What is the correct meaning of the business/economic phrase 'institutional voids'?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The physical gaps in infrastructure such as roads and power grids.
- 2The absence or weakness of supportive market intermediaries and regulatory bodies.✓
- 3The failure of local businesses to compete with foreign companies.
- 4The total absence of any form of government or central leadership.
Correct answer
The absence or weakness of supportive market intermediaries and regulatory bodies.
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