Viewing such a medium as a form of new innovation, the five socio-economic characters namely gender, age, income level, education level and the exposure to the Internet were hypothesized to see whether there was any relationship between these five factors and the consumer's willingness to adopt e-commerce.
The major examples of social inequality include income gap, gender inequality, health care, and social class. In health care, some individuals receive better and more professional care compared to others. They are also expected to pay more for these services.
Economy, therefore, is a component of soci- ety; and society is the framework within which economy functions. Because of this relationship, every society has its own economy, and every economy reflects the needs and cultural attributes of society, as well as the major traits of the civilization in which it lives.
Economic sociology analyzes economic phenomena such as markets, corporations, property rights, and work using the tools of sociology. It shares economic theory's attention to the role of interests and rationality, but also emphasizes the importance of social relations and social institutions.
Economics and SociologyIt attempts to discover the facts and laws of society as a whole. Sociology deals with all aspects of society. But economics deals only with the economic aspects of a society. It studies human behaviour in relation to scarce means and unlimited wants.
Studies that cross the boundaries between sociology and economics help to enhance our understanding of both economy and society. Economics has had a greater influence on sociology than vice versa.
Key Takeaways. The major types of societies historically have been hunting-and-gathering, horticultural, pastoral, agricultural, industrial, and postindustrial. As societies developed and grew larger, they became more unequal in terms of gender and wealth and also more competitive and even warlike with other societies.
The ultimate goal of society is to promote good and happy life for its individuals. It creates conditions and opportunities for the all round development of individual personality. Society ensures harmony and cooperation among individuals in spite of their occasional conflicts and tensions.
society has to ground its identity in the historical development of its own cul- ture. We can distinguish three main components: (1) the shared set of norms, values, beliefs and attitudes, (2) the created and used artefacts, and (3) the people as constitut- ing members of the society (see figure 3).
It has its own means to survive. It is a self-sufficient social system. It lasts for a longer period of time than groups and communities. It will form a social structure through social institutions i.e. family, education economic, political and religious institutions.Society & Economics