School: Arima North Secondary Teacher: Mr.

Maharadge
Subject: Social Studies Student Name: _________________
Cycle Week 3-Session 1

Institutions
An institution is an organization which has the following characteristics. It:
 Has an organizational structure
 Has a hierarchical structure
 Serves particular needs of society
 May have sanctions such as rewards and punishment
 Endures over time
 Has written rules

Classification of Institutions

Economic

Educational
Religious
Institutions

Political Recreational

Activity:

Identify 5 reasons why Arima North Secondary is considered as an Educational institution.

Religious Institutions
Religion is the belief in the worship of superhuman power embodied in a personal God or
Goddesses responsible for the creation and preservation of the universe.

Function of Religion
 Provides members with a sense of identity
 Establishes certain codes of conduct which bring about cohesion and cooperation
 Relieves fear, anxiety and frustration
 Provides answers and gives reasons for man’s existence
 Provides direction and focus for life’s journey.

Economic Institutions

Th development of money as the medium of exchange has led to the formation of a number of
financial institutions such as banks, credit unions, cooperatives and insurance companies.

Functions of Commercial Banks

 Accept money on deposit
 To generate interest for money left on deposit
 To pay bills on behalf of clients
 To accepts jewelry and other valuables for safe keeping
 To create employment
 To offer financial advice to their customers.

Activity
1. Explain why a trade union is considered as an economic institution
2. Identify 3 functions of a Trade Union.
3. Give 3 reasons why recreational institutions are important.