20. ECONOMIC INSTITUTIONS

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 [...]

4. SOCIAL AND SOCIALIZATION

A) SOCIAL: It means “relationship between man and man either it may be economical, political, religions and educational”. Social makes particular person no of particular groups or society and form basic of collective behaviour of persons. B) SOCIALIZATION: “It is a process of learning of social norms and ways of life”. “It is a process [...]