Informal institutions require what type of "supporting pillar (s) ?"

a. Normative and cognitive

b. Regulatory

c. Regulatory and normative

d. Normative

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Social Studies

30 July, 16:25

Informal institutions require what type of "supporting pillar (s) ?"

a. Normative and cognitive

b. Regulatory

c. Regulatory and normative

d. Normative

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Answers (1)

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Sebastian Paul · Answer 1

I think the answer is A: normative and cognitive.

The normative pillar is about how the values, beliefs, and actions of other relevant players - collectively known as norms - influence the behavior of focal individuals and firms. And the cognitive pillar is composed by the internalized (or taken-for-granted) values and beliefs that guide individual and firm behavior.

Informal institutions require what type of "supporting pillar (s) ?"a. Normative and cognitiveb. Regulatoryc. Regulatory and normatived. Normative

Informal institutions require what type of "supporting pillar (s) ?"

a. Normative and cognitive

b. Regulatory

c. Regulatory and normative

d. Normative