istitution
An institution is an established organization or system that structures political, social, and economic life. It encompasses formal bodies such as governments, courts, schools, banks, and religious organizations, as well as enduring social arrangements like families, marriage, and legal norms. The term derives from Latin institutio and has long been used to denote both the act of establishing something and the resulting enduring structure. Note: “istitution” is a common misspelling in English and is typically clarified as “institution” in standard usage.
Institutions perform several functions: they coordinate behavior, provide public goods and services, stabilize expectations, and shape
Institutions vary across societies and over time. They can be created by governments, religious bodies, or private
Critiques focus on how some institutions reproduce inequality or entrench power, resist adaptation, or impede innovation.