section_path: Classifications/Institutional
section_name: Institutional
paragraph_text: Institutional
  
  Institutional infrastructure branches from the term "economic constitution". According to Gianpiero Torrisi, institutional infrastructure is the object of economic and legal policy. It compromises the growth and sets norms. It refers to the degree of fair treatment of equal economic data and determines the framework within which economic agents may formulate their own economic plans and carry them out in co-operation with others.