They order and structure the behavior of individuals by means of their normative character. They also structure incentives in human exchange, whether political, social or economic”. Institutions comprise for example contracts and contract enforcement, protection of property rights, the rule of law, government bureaucracies, financial markets.
Cicero was a very famous philosopher and orator during the time period of Ancient Rome. He was known for adding both rhetoric and oratory to the studies of the language and had a large influence in prose and the current language during that time period, Latin.
automobile because they didn't work well at all until Henry Ford came to America during the roaring 20's
:)
