Write an essay on embeddedness and the role of formal and informal institutional networks in the economy. What is meant by embeddedness? How does it work in practice?

INSTRUCTIONS
Write an essay on embeddedness and the role of formal and informal institutional networks in the economy. What is meant by embeddedness? How does it work in practice? Using examples in your discussion, describe formal and informal institutional networks and the role they play in stabilizing the economy. In this essay on macroeconomics flows and the role of the state, explain in detail the advantages and disadvantages of the interconnections between the economic sphere and noneconomic spheres. Address:
1) The policy consequences of the state in stabilizing and promoting economic growth and fairness and in providing public and global goods and protecting common resources( Chapter 6,7,8)
2)The methodological consequences for decision-making of the fact that basic economic institutions like community, households, government, and firms are embedded in (shape and are shaped by) the larger society (Chapter 9,10)
3)A comment on economic stewardship of the planet’s natural resources and the challenges of sustainable growth.
I will attach mentioned chapters; they must be use as a source of information but do not quote them, this is NOT a research paper.