How does the views of institutionlism theorists help you as an individual?
Answers
Why is it important for us to lism theorystudy institutiona?
Institutional Theory provides the basis for the systematic analysis of innovation, using theoretical contributions about distinctions between formal and informal institutions, and regulative, normative and cultural-cognitive types of institutions, as well as the different levels of institutions (Geels, 2010).
What is the importance of institutionalism?
Institutions 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.
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