- Economic Institution
Every society needs to make effective use of the scarce
resources. Goods and services have to be produced to
meet the basic needs such as food, clothing, shelter,
etc. Economic institutions are responsible for organizing
the production, exchange, distribution and consumption
of goods and services. - Religious Institution
This asocial institution is responsible for meeting
(providing) spiritual needs of the members of the
society. There are puzzling questions about the
meaning of the human life, human destiny, the universe,
and other questions.
Religion and related institutions like magic provide
explanations for these puzzling paradoxes of life and
provides meaning and purpose for life. It helps people to
cope with purposelessness, meaninglessness and
sense of alienation and frustration. These institutions
also help members of society conform to social values
and norms, and play their expected social roles