"Consider the fact that the stock exchange and the black market are both market institutions, one formal one not." Which one of the following statements best explains this quote, in the context of the passage?
Started 4 months ago by Shashank in
Explanatory Answer
Consider the line before the given line in the passage:"There are some institutions that come in both informal and formal variants, as well as in mixed ones". The stock market and black market are examples given to substantiate the point in the previous line. The idea is that both the stock exchange and the black market are examples of how, even within the same domain (market institutions), different kinds of institutions can co-exist.
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