Encourage consumption and discourage savings. give the government more control over what is produced and how it is produced. require companies to act in the social interest. provide incentives for entrepreneurs to take risks and innovate.

Institutions that support economic growth are the ones that provide incentives for entrepreneurs to take risks and innovate. Innovation is the key factor for the economic growth. in keeping the market demand and economic growth innovation plays a major role. innovation can be done by introducing new ideas and new working methods.