The importance of business environment institutions and cooperation in the present economy

Nowadays, there is a great focus on the effects of cooperation between different entities. Creating social, economic and organizational relationships has become a fundamental reference of the modern innovative economy. An important fact is that connections between different economic entities are becoming more and more significant and can be seen as an instrument of solving economic problems. Business environment institutions influence economic development through supporting entrepreneurship, and consequently play a significant role in the socio-economic development of a country. Bearing that in mind, the author aims to present the significant role of business environment institutions and their activities for enterprises in the present economy.