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.
Since the purchase of Alaska from Russia in 1867, gold mining has played a major role in Alaska's history.