Sanctions are penalties or rewards for conduct concerning a social norm.Formal - would be a jail sentence or promotion- typically comes from an authority informal would be a smile or compliment or...
sanction can mean penalties or limit. BUT based on the SAT useage. it means to approve or ratify "nothing will convince me to sanction the engagement of my daughter to such a worthless young man"
In the macroeconomic sense, sanctions are measures taken to stop or limit trade with another nation, in order to influence its policies or actions (internal or external). In a sociological sense,...