What are institutions, Business Economics

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What are institutions?

Institutions are formal organisations as like:

Government: the group of some people and institutions who control and manage a country Civic society groups as: non-government organisation (NGOs) as universities, trade unions, expert associations, religious and cultural groups. Several civic society groups are stakeholders within the development process and like pressure groups they assists to hold the government accountable for its policies as well as development Encouraging broad-based participation within the development process through consulting along with civic society onto problems and polices implies the development programme is owned and not as external.

International agencies as like Oxfam and the IMF Institutions can’t operate efficiently, without superior governance. Fortification civil society non-government organisations imply the state and have to justify actions to citizens.


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