Institution: Definition

INSTITUTION definition: 1. a large and important organization, such as a university or bank: 2. a building where people…. Learn more. Institution definition: an organization, establishment, foundation, society, or the like, devoted to the promotion of a particular cause or program, especially one of a public, educational, or charitable character.. Institutions: Meaning, Characteristics, Role and Other Details! Things to Know # 1. Meaning of Institutions: Man is a social animal. Being social creature, he has some wants and assigned aims to comply them. Institution is a way of thought or action of some prevalence and permanence, which is embedded in the habits of a group or the customs of the people. Hence, it can be claimed that institution is that which people adopt to means for fulfillment of needs and objectives with procedures and ... an institution involves practices, habits and customs which are regulated either by moral norms or by legal provisions. They can range from a few people to thousands of individuals, depending on the scope.