instituce
An institution is an enduring system of rules, norms, and structures that organize social behavior. It can refer to formal organizations such as governments, courts, schools, banks, and corporations, but also to the underlying social arrangements that guide daily life, including laws, conventions, and standards of conduct. Institutions create expectations, reduce uncertainty, and coordinate actions among individuals and groups.
Institutions are generally categorized as formal or informal. Formal institutions are codified and enforced, for example
Functions include establishing legitimacy, distributing resources, resolving conflicts, and providing public goods. They shape incentives, constrain
The study of institutions covers fields like institutional economics, political science, and sociology. Theories highlight path