Friday, December 11, 2015

Economy (Social Institution)


The economy is the institution that provides production and distribution of goods and services, and every society needs.Sometimes they can provide these things for themselves, and sometimes they rely on others to provide them. When people rely on others for goods and services they must have something in return to make it worth it.The customs surrounding exchange and distribution of good and services shape societies in fundamental ways and are what shape us as a society. 

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