The term institution commonly applies to both informal institutions such as customs, or behavior patterns important to a society, and to particular formal institutions created by entities such as the government and public services.
The definition of conservative is favoring older, known traditions and resisting any changes. An example of conservative is preferring laws to stay the same. Conservative is defined as a type of statement that is safe or moderate. An example of conservative is an estimate of how much time a job will take.
Liberal is an individual or a party that has a soft and practical approach that is also called a flexible approach. Though lying left to the moderates on the political continuum, a liberal is ready to move forward and embrace change.