Economy

ECONOMY

  • These institutions provide basic physical subsistence for society and meet basic needs for food, shelter and clothing and other necessities.
    • e.g.: The economic institutions of production are Agriculture, Industry and the distribution, exchange and consumption of commodities, goods and services necessary for human survival.
  • Secondary institutions - Credit and banking systems, advertising, Cooperatives etc.,
Last modified: Sunday, 11 December 2011, 5:06 AM