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Extractive economic institutions:

Lack of law and order. Insecure property rights; entry barriers and regulations preventing functioning of markets and creating a nonlevel playing .eld.

Extractive political institutions:

Political institutions concentrating power in the hands of a few, without constraints, checks and balances or .rule of law..

Inclusive economic institutions:

Secure property rights, law and order, markets and state support (public services and regulation) for markets; open to relatively free entry of new businesses; uphold contracts; access to education and opportunity for the great majority of citizens.

Inclusive political institutions:

Political institutions allowing broad participation. pluralism. and placing constraints and checks on politicians; rule of law (closely related to pluralism).