Institution vs Parastatal - What's the difference?
institution | parastatal |
An established organisation, especially one dedicated to education, public service, culture or the care of the destitute, poor etc.
The building which houses such an organisation.
A custom or practice of a society or community, marriage for example.
(informal) A person long established with a certain place or position.
The act of instituting.
(obsolete) That which institutes or instructs; a textbook or system of elements or rules.
A company, agency, or intergovernmental organization, that possesses political clout and is separate from the government, but whose activities serve the state, either directly or indirectly.
Pertaining to such a company or group.
*2009 , (Diarmaid MacCulloch), A History of Christianity , Penguin 2010, p. 918:
*:‘Parastatal ’ organizations – local councils, representatives of business, the Red Cross – had been increasingly filling the gap left by the government's maladministration [...].
As nouns the difference between institution and parastatal
is that institution is an established organisation, especially one dedicated to education, public service, culture or the care of the destitute, poor etc while parastatal is a company, agency, or intergovernmental organization, that possesses political clout and is separate from the government, but whose activities serve the state, either directly or indirectly.As an adjective parastatal is
pertaining to such a company or group.institution
English
Noun
(wikipedia institution) (en noun)- There is another manuscript, of above three hundred years old, being an institution of physic. — Evelyn.