economic development on religion???
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Answer:
Economic development causes religion to play a lesser role in the political process and in policymaking, in the legal process, as well as in social arrangements (marriages, friendships, colleagues). There are four primary indicators of the influence of economic development on religion.
The Economics of Religion concerns both the application of economic techniques to the study of religion and the relationship between economic and religious behaviours. The relationship between religion and economic behaviour was first identified by Max Weber who attributed the modern advent of capitalism to the protestant reformation.
Explanation:
The economics of religion concerns both the application of economic techniques to the study of religion and the relationship between economic and religious behaviours. The relationship between religion and economic behaviour was first identified by Max Weber who attributed the modern advent of capitalism to the Protestant reformation. Adam Smith laid the foundation for economic analysis for religion in The Wealth of Nations stating religious organisations are subject to market forces, incentive and competition problems like any other sector of the economy. Empirical work examines the causal influence of religion in microeconomics to explain individual behaviour and in the macroeconomic determinants of economic growth. Religious economics is a related subject sometimes overlapping or conflated with the economics of religion.