An institution is any structure or mechanism of social order and cooperation governing the behavior of a set of individuals within a given human community.
An institution is any structure or mechanism of social order and cooperation governing the behavior of a set of individuals within a given human community.
Institutions are identified with a social purpose and permanence, transcending individual human lives and intention by enforcing rules that govern cooperative human behavior
Institutions have two sides:
Institutions have two sides:
Enable interactions, provide stability, certainty, and form the basis for trust.