Institutions are generally established by the state and have certain public welfare nature, but they are not government agencies.
Institutions are social groups and organizations organized by and led by state administrative organs. They have no production income, no public financial expenditure and no economic accounting. Mainly for education, science and technology, culture, health and other activities and government-led institutions to provide intangible production and labor services. It is a legal entity in the form of an organization or institution.
Extended data:
Characteristics of institutional activities
1. Purpose of establishment: to set up public institutions and provide public services to the society in some aspects.
2. Performing duties: The duty of public institutions is to provide services to all aspects of the national economy and society, including improving social production conditions, enhancing social welfare and meeting the material and cultural needs of the broad masses of the people.
3. Business model: Public institutions operate by providing services to the society, accelerating the national economic and social development, thus further promoting the development of public institutions. The main body of the operating results of public institutions provides intangible products, but the unit that provides intangible products is not necessarily a public institution. The separate management of public institutions and enterprises is a unique model in China.
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