'Institution' is a hot topic in various disciplines. Generally speaking institutions refer to man-made rules that govern human behavior.
Explanation:
Institutions can refer to mechanisms which govern the behavior of a set of individuals within a given community, and are identified with a social purpose, transcending individuals and intentions by mediating the rules that govern living behavior.
"as a system of human-made, nonphysical elements – norms, beliefs, organizations, and rules – exogenous to each individual whose behavior it influences that generates behavioral regularities.
Institutions as "rules of the game in a society and "humanly devised constraints that structure political, economic and social interactions. institution as "an equilibrium of behavior in an underlying game."
moralesalaindean
Institutionalism is a general approach to governance and social science. It concentrates on institutions and studies them using inductive, historical, and comparative methods. ... Institutions have often been understood as formal organizations governed by written laws or rules.
moralesalaindean
Institutionalism also have an important redistributive role to play in the economy – they make sure that resources are properly allocated, and ensure that the poor or those with fewer economic resources are protected. They also encourage trust by providing policing and justice systems which adhere to a common set of laws
Answers & Comments
Answer:
'Institution' is a hot topic in various disciplines. Generally speaking institutions refer to man-made rules that govern human behavior.
Explanation:
Institutions can refer to mechanisms which govern the behavior of a set of individuals within a given community, and are identified with a social purpose, transcending individuals and intentions by mediating the rules that govern living behavior.