GATE (Graduate Aptitude Test in Engineering) Sociology Sociological Concepts-Social Institutions Study Material (Page 2 of 4)
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The Institution of marriage occupies a prominent place in the social institutions of the civilized world. Hindu marriage can be defined as the spiritual sacrament in which a man and a woman are bound in everlasting relationship for physical, social and spiritual purpose of Dharma, procreation and sexual pleasure.
Hindu marriage is not only a social contract but a spiritual sacrament.
The economy may be delighted as a system or a sub system. It is mostly a sub system in a wider social system. It is likely to view economy as the parent system and examine its element divisions of activities, production, investment, innovation.
Therefore, within economy, we could take a more real structure, such as a bank or a business and consider it in terms of the basic useful requirements of social system.
Economic Institutions
Kingsley Davis: Economic institutions are those basic ideas, norms, and statutes, which govern the allocation of scarce goods in any soc…
