Please explain what role the Financial Markets play in the economy.

The financial system comprises all financial markets, instruments and institutions. Today I would like to address the issue of whether the design of the financial system matters for economic growth. My view is that the answer to this question is yes. According to cross-country comparisons, individual country studies as well as industry and firm level analyses, a positive link exists between the sophistication of the financial system and economic growth. While some gaps remain, I would say that the financial system is vitally linked to economic performance. Nevertheless, economists still hold conflicting views regarding the underlying mechanisms that explain the positive relation between the degree of development of the financial system and economic development.

Explanation:

- tobacco.

- "rolfe reacted to consumer demand by importing seed from the west indies and cultivating the plant in the jamestown colony. those tobacco seeds became the seeds of a huge economic empire.the tobacco economy rapidly began to shape the society and development of the colony. growing tobacco takes its toil on the soil."

< 3

the main inference that can be drawn from jean jacques rousseau's book the social contract is: a. people can enjoy civil and physical freedom, even if it sometimes harms society.

hope this