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A) ECONOMIC INSTITUTIONS: It is a set of norms relating to production & distinction of goods and services.The economy means the dominant form of economic activity present in a society e.g. Collecting and hunting economy. Nomadic –post oral economy. Settled agricultural economy. Modern urban industrial economy. a) CAPITALISM: It is an economic system in which [...]
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A) POLITICAL INSTITUTIONS: It may be defined as, a set of norms pertaining to the distribution of power and authority concerning the management and control of society to bring order in life. The political institutions provide stability and progress of country. The Important Aspects of Political Institutions are as follow: Political behaviour. Pressure group. Public [...]
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