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1. In your own understanding, what is an institution?

2. How important are non-state institution to the economy?

3. Among the 5 institutions, which of them do you think is the most important and why?

4. In your opinion what is the importance of basic type of institution in the society?

Sagot :

Answer:

  1. an organization or establishment founded for a specific purpose, such as a hospital, church, company, or college. the building where such an organization is situated. an established custom, law, or relationship in a society or community.
  2. State institutions are an economy's primary facilitator of social and economic development. Research shows that these institutions can be a major source of growth; effective institutions aid investment in physical and human capital, in research and development, and in technology
  3. Family: is the most basic social institution in a society, and is a system of organized relationship involving workable and dependable ways of meeting basic social needs.
  4. Institutions are a part of the social construction of a community, and define the way we interact with each other within society. They are determined by the cultures and values of that society, and provide order and stability within society (

Explanation:

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