What do you mean by Relationship between Religion and Socioeconomic action?
Answers
Answered by
0
Answer:
The economics of religion concerns both the application of the techniques of economics to the study of religion and the relationship between economic and religious behaviours.
Max Weber first identified the relationship between religion and economic behaviour, attributing in 1905 the modern advent of capitalism to the Protestant reformation.
Adam Smith laid the foundation for economic analysis for religion in The Wealth of Nations (1776), stating that religious organisations are subject to market forces, incentive and competition problems like any other sector of the economy.
Similar questions