This type of institution operates through laws and regulations, with coercion as the regulative mechanism.

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Formal institutions operate through established laws and regulations, with coercive mechanisms such as fines or imprisonment in place to enforce compliance. Informal institutions, on the other hand, operate through social norms and cultural practices, while normative institutions involve shared values and beliefs. Cognitive institutions refer to mental models and beliefs held by individuals.

This Type of Institution Operates Through Laws and Regulations, with Coercion