Question

what do you understand by the term of Institution

Answer 1

The meaning of term institution is as follows:

• Institution is an important and large organisation which serves a particular purpose. University, banks are included in this.
• Institution has its own rule and regulations and it does not end an institution if someone left it because it is permanent.

• It works like a medium of controlling them, to the people and society by whom the institution is constituted.
• The institution has a proper concept about characters, values and distinctive element.

Answer 2

Institutions are generally defined as some accepted and enduring forms of process and procedure which governs the relations among individuals and groups.

Explanation:

• Every organisation works on the principle of certain recognized and well established set of regulations, rules, usages and traditions.
• These usages and regulations are the institutions.They set the forms of procedures which are widely recognized and accepted by society and monitor the relations among people.
• People form an organisation in order to satisfy their needs. But these needs are also satisfied through institutions. So organisation works through these set of principles and frameworks which help in regulating them.
• For example, family is organised when it follow its own institutions like marriage,inheritance and property ownership.
• Similarly, a state has following institutions of government, constitution and legislature in order to run the country.

Learn more about Institution:

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