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Describe the institutional development.

Describe the institutional development.

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In this context, 'institutions' are defined as the rules, conventions and other elements that form the structural framework of social interaction. They establish the cooperative and competitive relationships that constitute a society and, more specifically, an economic order. Organizations are not the same as institutions under this definition, although an organization may be seen as part of the institutional framework.
There are many different types of institutions. They may be divided into community-based institutions and market-based institutions.

Kavungya answered the question on April 30, 2019 at 11:23

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