by kdkasi | Feb 24, 2018 | Social Institutions
Following are the functions of economic institutions which include Social stratification, Power and authority, Interdependence of other Institutions, Needs satisfaction, Employment, Division of Labor and Provision of funds. Social Stratification: In capitalist system,...
by kdkasi | Feb 24, 2018 | Social Institutions
Economic institution involves the consumption, production and distribution of commodities and services. Production is taken in to consideration because it is important to know how much goods should be produced, whether it is profitable to invest in weapons or cars or...
