Identify the specific components of an institution

This is a discussion question.  Not a paper. Please place the answer below the questions.  No more than 350 words.  Thank you.

Every country in the world is constructed around the same set of institutional frameworks that differ only in how governments manage them.

QUESTION – Identify the specific components of an institution.

ANSWER-

QUESTION – Next, use two (2) examples of institutions —such as a financial system, a judicial system, or the armed forces — to illustrate what developing countries overall have done to weaken or strengthen such institutions.

ANSWER –