Institutional subsystem includes: mutual funds international authorities public organisations system of state authorities private organisations financial organisations municipal authorities

The institutional subsystem includes:<br /><br />1. Mutual funds<br />2. International authorities<br />3. Public organizations<br />4. System of state authorities<br />5. Private organizations<br />6. Financial organizations<br />7. Municipal authorities<br /><br />These entities play a crucial role in shaping and regulating the institutional framework within which economic activities take place.