The term institution commonly applies to both informal institutions such as customs or behavior pattern important to a society, and to particular formal institutions created by entities such as the government and public services.
Alaska Gold. July 24, 2012 // 53:44. The Bristol Bay region of southwest Alaska is home to the last great wild sockeye salmon fishery in the world. Itâs also home to enormous mineral deposits â copper, gold, molybdenum â estimated to be worth up to $500 billion.
News of northern gold was responsible for bringing floods of people into or through Alaska; this, in turn, created dramatic bursts of population and caused the foundation of many settlements that still survive, (Skagway, Fairbanks, Juneau, and Nome, for instance).