A group of institutions that organize around a common set of concerns within a given industry is called an association.
An association is a group of people organized for the pursuit of a specific purpose. For instance, family is an association organized for the preparation of children, while marriage is its main institution.
Association is important as it provides opportunities to meet and engage with peers and colleagues. Associations are made up of people who share similar challenges and opportunities.
Hence, a group of institutions that organize around a common set of concerns within a given industry is called an association.
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