institutional framework JUST WRITTEN FOR YOU
/ɪnstɪˈtuʃənl ˈfræmwərkiːk/ · in-sti-tu-ti-on-al fra-mew-or-kik
noun
- A set of rules, norms, and institutions that govern the behavior of individuals and organizations within a society. The government's institutional framework is designed to promote economic growth and stability.
- A system of laws, regulations, and institutions that shape the behavior of individuals and organizations within a particular field or industry. The company's institutional framework emphasizes transparency and accountability in its business practices.
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Did you know? The concept of an institutional framework is often used in international relations to describe the set of rules and norms that govern the behavior of countries and organizations within the global community.