Which of the Following Defines Institutions

question 12

Short Answer

Which of the following defines institutions?
a. "Humanly devised constraints that structure human interaction."
b. "Regulatory, normative and cognitive structures and activities that provide stability and meaning to social behavior."
c. Government of individual and firm behavior.
d. All of the above.
e. None of the above.

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Definitions:

Positive Outcomes

The beneficial or desirable results achieved following specific actions or processes.

Risk Propensity

The inclination or tendency of an individual or organization to take or avoid risks.

Problem Framing

The way a problem is perceived or structured, heavily influencing the solutions considered.

Unfavorable Situations

Circumstances or conditions that are disadvantageous, challenging, or pose obstacles to achieving goals.