Institution itself is a kind of scarce resources, and a good institution has four functions: information, de-creasing exchange cost, incentive and restriction.

制度本身是一种稀缺资源，好的制度具备信息、降低交易成本、激励和约束四大功能。

youdao

The route choice of agriculture industrialization is to set up good institution environment and establish beneficial industry organization policy, industry STR...

实行农业产业化的路径选择就是要建立良好的制度环境，制定切实可行的产业组织政策、产业结构政策和外部保障政策。

youdao

It is vital that once an institution claims to be particularly good at something, it must live up to it.

至关重要的是，一旦一家机构声称自己在某方面特别擅长，它就必须做到这一点。

youdao

"I think for them, the BBC - good institution though it is - I don't think they can lead their own inquiry, " he said.

BBC: Jimmy Savile scandal: Labour seeks independent inquiry

While Justice Scalia still writes very strongly, Justice Stevens does, too, I think the fact that the majority is prevailing but prevailing without answering in kind is good for the institution and is healthy in the long term.

NPR: Legal Experts Weigh In on Court Decisions

Dionne of the Washington Post and the Brookings Institution, good to see you here.

NPR: Week In Politics: Immigration & Benghazi