what is institution? 2mk question.
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Answer:The definition of an institution is an established custom or practice, or a group of people that was formed for a specific reason or a building that houses the group of people. Marriage is an example of a cultural institution. ... A place where those who are mentally ill go for treatment is an example of an institution.
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An institution is a voluntary organization of like-minded people.
Explanation:
- An institution can be defined as a voluntary association of people who come together to achieve a common objective.
- There can be different types of institutions based on their composition and objectives.
- Some institutions are economic in nature as they have the main objective of earning profits. On the other hand, some institutions are constituted for social service which has the main aim of providing help to people in the society.
- An institution can be public or private in nature.
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