Question

Why is it important to study social networks

Answer 1

Answer:

Social media plays an important role in every student's life. It is easier and convenient to access information, provide information and communicate via social media. Teachers and students are connected to each other and can make good use of these platforms for the working of their education.xplanation:

Answer 2

Answer:

Our social networks influence our economic decisions in everyday life, from what bank we use to which brands we buy. But in the developing world, these social connections can play a much bigger role.

Explanation:

Here are few insights from Stanford scholars from their experience in this field. They are:

1. Studying social networks in the developing world can lead to new models. You observe things in a developing country context, and it’s not necessarily what you were expecting that led me to imagine that market exchange could be based on a mix of formal and informal institutions. You end up questioning your model, questioning the initial theory you had, and realizing, actually, there is a lot of social context in everything we do.
2. In the developing world, you can more easily study social networks in their entirety. When you have a village of a thousand people, you can go in and you can really understand most of the relationships. Analyzing networks in their entirety is essential, to understanding all kinds of decisions, from purchasing habits to political activities: Without understanding what the social structure is, it’s very difficult to understand those behaviors.
3. Social networks carry a lot of weight in the developing world. Word of mouth plays a first-order role in a lot of contexts. The fact that networks carry a heavier burden affects what kinds of inferences you’re going to be able to draw.
4. Economic development can change social networks. Networks in the developing world operate differently than they do in developed settings, but interestingly, the panelists note, their roles can change as economic development takes hold.
5. Social networks in the developing world can potentially improve economic conditions. The networks that provide access to jobs and opportunities to people in slums are not there. The absence of these networks prevents people from learning about things that may really change their economic outcomes. This is really important for everybody, but especially important for people who are first-generation students moving from villages into cities.

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