Question

what is the nature of institution?

Answer 1

Institutions, according to Samuel P. Huntington, are "stable, valued, recurring patterns of behavior" [1]. Further, institutions can refer to mechanisms of social order, which govern the behaviour of a set of individuals within a given community. Moreover, institutions are identified with a social purpose, transcending individuals and intentions by mediating the rules that govern living behavior.[2]. According to Geoffery M. Hodgson, it is misleading to say that an institution is a form of behavior. Instead, Hodgson states that institution are “integrated systems of rules that structure social interactions” 

Answer 2

While institutions tend to appear to people in society as part of the natural, unchanging landscape of their lives, study of institutions by the social sciences tends to reveal the nature of institutions as social constructions, artifacts of a particular time, culture and society, produced by collective human choice