Question

importance of studying 'economy and society' in Sociology. ​

Answer 1

Answer:

Economics is the study of how societies use scarce resources to produce valuable commodities and distribute them among different people.Economics provides a framework for understanding the actions and decisions of individuals, businesses and governments. It provides a means to understand interactions in a market-driven society and for analyzing government policies that affect the families, jobs and lives of citizens.

Answer 2

Sociologists have seen culture as an important component of economic life since Weber, and this point of view gained greater currency. Culture becomes important to economic activity through frames, categories, scripts, and concepts as well as norms, values, and routinized practice.

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