Legal institutions are critical for the development of market-based economies. This paper defines legal institutions and discusses different indicators to measure their quality and efficiency. It surveys a large historical and empirical literature showing the importance of legal institutions in...

The analysis of the competitive capacity of the organizations is trying to answer to questions like: how are the resources used for and which is the level of this consumption. So we are following the capacity of using these resources into the better way. It follows therefore that the degree of...