Homonym: institution (Establishment)
An institution is an established organization or foundation that serves a specific purpose within society. This can include entities like schools, hospitals, and government bodies, which provide essential services and structure to communities. Institutions often have formal rules and regulations that guide their operations and interactions with the public.
Institutions play a crucial role in shaping social norms and values. For example, educational institutions help to educate individuals and prepare them for the workforce, while financial institutions manage money and provide loans. Overall, institutions contribute to the stability and functioning of society by fulfilling various needs and roles.