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Soc 300 Week 8

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SOC 300 Week 8 Discussion 08/24/2014
"Institutions" Please respond to the following: * Based on the lecture and Webtext materials, address the following: * Every country in the world is constructed around the same set of institutional frameworks that differ only in how governments manage them. Identify the specific components of an institution. Next, use two examples of institutions—such as a financial system, a judicial system, or the armed forces—to illustrate what developing countries overall have done to weaken or strengthen such institutions.
An institutions is a system of norms to recognize some goals or activity that people feel is important.
Social Institutions help develop and create common values which people must conform to. This conformity circumvents the possible conflict amount the group of the people living at a certain society and such that the institutionalization process in the modern society with modern organization system is clear with division of labor more specific. Bureaucratic system, business organizations, and commercial banks are credited with the institutionalization process. Financial Institutions deal with various financial activities related with bonds, stocks, loans, risk diversification, insurance, hedging, retirement planning, investment, portfolio management, and many other types of related functions. With the help of their functions, the financial institutions transfer money or funds to many levels of economy and thus play a substantial role in acting upon the domestic and the international economic setting.

In order to carrying out their business operations, financial institutions instrument different kinds of economic models. They support their clients and investors to make the most of their profits by understanding appropriate guidance. Financial institutions also report a wide range of educational programs to educate the investors on the fundamentals of investment and also regarding the assessment of stock, bonds, assets, foreign exchanges, and commodities. A financial institution is that type of an institution that collect funds from private investors and public investors and utilizes those funds in financial assets. The functions of a financial institutions are not limited to a specific country, they are popular abroad because of the growing impact of globalization. http://www.webtexts.com/courses/9808-linzie/traditional_book/chapters/984984-institutions/pages/983983-why-nations-fail-1-zimbabwe https://blackboard.strayer.edu/bbcswebdav/institution/SOC/300/1136/Week8/lecture/story.html

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