Institution vs. Company - What's the difference?

Main Difference

The main difference between Institution and Company is that the Institution is a structure or mechanism of social order and cooperation governing the behaviour of a set of individuals within a given community and Company is a association or collection of individuals, whether natural persons, juridic persons, or a mixture of both.

Wikipedia

  • Institution

    Institutions are "stable, valued, recurring patterns of behavior". As structures or mechanisms of social order, they govern the behaviour of a set of individuals within a given community. Institutions are identified with a social purpose, transcending individuals and intentions by mediating the rules that govern living behavior. The term "institution" commonly applies to both informal institutions such as customs, or behavior patterns important to a society, and to particular formal institutions created by entities such as the government and public services. Primary or meta-institutions are institutions such as the family that are broad enough to encompass other institutions. As structures and mechanisms of social order, institutions are a principal object of study in social sciences such as political science, anthropology, economics, and sociology (the latter described by Émile Durkheim as the "science of institutions, their genesis and their functioning"). Institutions are also a central concern for law, the formal mechanism for political rule-making and enforcement.

  • Company

    A company, abbreviated as co., is a legal entity made up of an association of people, be they natural, legal, or a mixture of both, for carrying on a commercial or industrial enterprise. Company members share a common purpose, and unite to focus their various talents and organize their collectively available skills or resources to achieve specific, declared goals. Companies take various forms, such as: voluntary associations, which may include nonprofit organizations business entities with an aim of gaining a profit financial entities and banksA company or association of persons can be created at law as a legal person so that the company in itself can accept limited liability for civil responsibility and taxation incurred as members perform (or fail to discharge) their duty within the publicly declared "birth certificate" or published policy. Companies as legal persons may associate and register themselves collectively as other companies – often known as a corporate group. When a company closes, it may need a "death certificate" to avoid further legal obligations.

Wiktionary

  • Institution (noun)

    A custom or practice of a society or community.

    "The institution of marriage is present in many cultures but its details vary widely across them."

  • Institution (noun)

    An organization similarly long established and respected, particularly one involved with education, public service, or charity work.

    "The University of the South Pacific is the only internationally-accredited institution of higher education in Oceania."

  • Institution (noun)

    The building or buildings which house such an organization.

    "He's been in an institution since the crash."

  • Institution (noun)

    Other places or businesses similarly long established and respected.

    "Over time, the local pub has become something of an institution."

  • Institution (noun)

    A person similarly long established in a place, position, or field.

    "She's not just any old scholar; she is an institution."

  • Institution (noun)

    The act of instituting something.

    "The institution of higher speed limits was a popular move but increased the severity of crashes."

  • Institution (noun)

    That which institutes or instructs, particularly a textbook or system of elements or rules.

  • Company (noun)

    A team; a group of people who work together professionally.

  • Company (noun)

    A group of individuals who work together for a common purpose.

    "A company of actors."

  • Company (noun)

    A unit of approximately sixty to one hundred and twenty soldiers, typically consisting of two or three platoons and forming part of a battalion.

    "the boys in Company C"

  • Company (noun)

    A unit of firefighters and their equipment.

    "It took six companies to put out the fire."

  • Company (noun)

    The entire crew of a ship.

  • Company (noun)

    An entity having legal personality, and thus able to own property and to sue and be sued in its own name; a corporation.

  • Company (noun)

    Any business, whether incorporated or not, that manufactures or sells products (also known as goods), or provides services as a commercial venture.

  • Company (noun)

    Social visitors or companions.

    "Keep the house clean; I have company coming."

  • Company (noun)

    Companionship.

    "I treasure your company."

  • Company (verb)

    To accompany, keep company with.

  • Company (verb)

    To associate.

  • Company (verb)

    To be a lively, cheerful companion.

  • Company (verb)

    To have sexual intercourse.

Oxford Dictionary

  • Company (noun)

    a commercial business

    "a company director"

    "a shipping company"

    "the Ford Motor Company"

  • Company (noun)

    the fact or condition of being with another or others, especially in a way that provides friendship and enjoyment

    "I really enjoy his company"

  • Company (noun)

    a person or people regarded as pleasant (or unpleasant) to be with

    "you're not much company—I might as well go home"

    "she is excellent company"

  • Company (noun)

    the person or group of people whose society one is currently sharing

    "he was silent among such distinguished company"

  • Company (noun)

    a visiting person or group of people

    "I'm expecting company"

  • Company (noun)

    a number of individuals gathered together

    "the Mayor addressed the assembled company"

  • Company (noun)

    a body of soldiers, especially the smallest subdivision of an infantry battalion, typically commanded by a major or captain

    "B Company of the Cheshire Regiment"

  • Company (noun)

    a group of actors, singers, or dancers who perform together

    "a national opera company"

  • Company (noun)

    a group of Guides.

  • Company (noun)

    a flock of wigeon (ducks)

    "a company of wigeons occasionally numbers several thousand birds"

  • Company (verb)

    associate with; keep company with

    "these men which have companied with us all this time"

  • Company (verb)

    accompany (someone)

    "the fair dame, companied by Statius and myself"

Webster Dictionary

  • Institution (noun)

    The act or process of instituting; as: (a) Establishment; foundation; enactment; as, the institution of a school.

  • Institution (noun)

    Instruction; education.

  • Institution (noun)

    That which instituted or established

  • Institution (noun)

    An established or organized society or corporation; an establishment, especially of a public character, or affecting a community; a foundation; as, a literary institution; a charitable institution; also, a building or the buildings occupied or used by such organization; as, the Smithsonian Institution.

  • Institution (noun)

    That which institutes or instructs; a textbook; a system of elements or rules; an institute.

  • Company (noun)

    The state of being a companion or companions; the act of accompanying; fellowship; companionship; society; friendly intercourse.

  • Company (noun)

    A companion or companions.

  • Company (noun)

    An assemblage or association of persons, either permanent or transient.

  • Company (noun)

    Guests or visitors, in distinction from the members of a family; as, to invite company to dine.

  • Company (noun)

    Society, in general; people assembled for social intercourse.

  • Company (noun)

    An association of persons for the purpose of carrying on some enterprise or business; a corporation; a firm; as, the East India Company; an insurance company; a joint-stock company.

  • Company (noun)

    Partners in a firm whose names are not mentioned in its style or title; - often abbreviated in writing; as, Hottinguer & Co.

  • Company (noun)

    A subdivision of a regiment of troops under the command of a captain, numbering in the United States (full strength) 100 men.

  • Company (noun)

    The crew of a ship, including the officers; as, a whole ship's company.

  • Company (noun)

    The body of actors employed in a theater or in the production of a play.

  • Company

    To accompany or go with; to be companion to.

  • Company (verb)

    To associate.

  • Company (verb)

    To be a gay companion.

  • Company (verb)

    To have sexual commerce.

Princeton's WordNet

  • Institution (noun)

    an organization founded and united for a specific purpose

  • Institution (noun)

    an establishment consisting of a building or complex of buildings where an organization for the promotion of some cause is situated

  • Institution (noun)

    a custom that for a long time has been an important feature of some group or society;

    "the institution of marriage"

    "the institution of slavery"

    "he had become an institution in the theater"

  • Institution (noun)

    the act of starting something for the first time; introducing something new;

    "she looked forward to her initiation as an adult"

    "the foundation of a new scientific society"

    "he regards the fork as a modern introduction"

  • Institution (noun)

    a hospital for mentally incompetent or unbalanced person

  • Company (noun)

    an institution created to conduct business;

    "he only invests in large well-established companies"

    "he started the company in his garage"

  • Company (noun)

    organization of performers and associated personnel (especially theatrical);

    "the traveling company all stayed at the same hotel"

  • Company (noun)

    the state of being with someone;

    "he missed their company"

    "he enjoyed the society of his friends"

  • Company (noun)

    small military unit; usually two or three platoons

  • Company (noun)

    a band of people associated temporarily in some activity;

    "they organized a party to search for food"

    "the company of cooks walked into the kitchen"

  • Company (noun)

    a social gathering of guests or companions;

    "the house was filled with company when I arrived"

  • Company (noun)

    a social or business visitor;

    "the room was a mess because he hadn't expected company"

  • Company (noun)

    a unit of firefighters including their equipment;

    "a hook-and-ladder company"

  • Company (noun)

    crew of a ship including the officers; the whole force or personnel of a ship

  • Company (verb)

    be a companion to somebody

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