Internal Institutions vs. External Institutions

This video explains the difference between internal institutions and external institutions in institutional economics.

[@MoinulAsif]

❤

[@theragingjewishhippi]

I always love and appreciate your videos, thank you for this work!

[@ahmuqasim7540]

Good topic and explanation. I have a question on the issue of some employees sort of translating internal institutions into external institution to harm a worker. Wouldn't the worker use the union or management to protect themselves against an accusation of violating some amorphous informal rule? If not internal institutions will be sources of arbitrariness, conflict and injustice.