Components of an institution

Identify the specific components of an institution. Next, use two (2) examples of institutions to illustrate what developing countries overall have done to weaken or strengthen such institutions

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Identify the specific components of an institution.

An institution is referred as the system of norms to identify some activities or goals that people feel are significant in life. The five broad components of an institution include religious, judicial, educational, familial, and financial. These institutions have procedure and value that guide them.

Next, use two (2) examples of institutions to illustrate what developing countries overall have done to weaken or strengthen such institutions.

The two components I have chosen are financial and familial institutions. Financial institutions deal with different economic activities that…

APA

165 words