Defining "Informal Rules / Regulations"
So we've heard some interesting examples of social norms and how they affect different aspects of value chains. Based on this and our other experiences, please would you share your thoughts on how best to define informal rules / regulations.
The wiki says they are “norms and customs established by the social institutions of gender, race, ethnicity, class and religion.”
- What do you think about this definition?
- How would you define informal rules and codes of conduct?
You might like to refer to the draft Framework also