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Category: Economic Sociology

  • American Foreign Policy : Meaning,Issues,Making and Institutions

    What is a foreign policy? Generally, a foreign policy paves a way to interact with other countries. It’s the way to build up relations with the nations around the world, be it economically, politically or socially. The policy consists of few guidelines through which the country can safeguard its interests and achieve its goals through…

  • Social Darwinism : Meaning, Origin and Regional Distribution

    Social Darwinism is the collection of various theories and perspective that was evolved during the 19th century for the selection of human, popularly known as Survival of the fittest. This term coined major popularity by the ones who were against these theories. They were not in the favor of being called themselves by any label,…

  • The Indian Education System : Features, Pros, Cons and Way forward

    Why is India still one of the developing countries and what is stopping it from being a developed one? This particular question strikes me every time when I read something about India’s education system. I see India’s education system as an obstacle towards its objectives of achieving inclusive growth. The Indian Education system: Overview  …

  • Das Kapital by Karl Marx – Summary and Analysis

    Das Kapital was the most important work of Karl Marx which included the criticism of political economy. PART 1  COMMODITIES AND MONEY    CH-1 COMMODITIES A commodity is  an object, a thing which is responsible to satisfy human wants, it has its usefulness, and this usefulness creates a use value of that particular material commodity which…

  • Rationalization – Meaning, Types and Rationalization of Society

    Rationalization by its literal term means, efforts made to explain an individual’s behavior or behavior or attitude of anything under process. It is a process through which emotional actions and thoughts are explained and justified by logic and rational thinking by facts, by theories, by such data which is collected through surveys: through this process…

  • Differences and Relationship between Sociology and Economics

    Social science is the science concerned with the study of human society and the relationship of the individual in the societies. It is an academic discipline that has been rising immensely over the years.  It includes the study of economics, politics, cultures and traditions, psychology, linguistics, and every other aspect concerning individuals and society. Under…

  • What is Capitalism? Meaning, Types, and Stages

    In terms of politics, capitalism is a socio-economic system that is based on private ownership of resources or capital. In terms of economy, capitalism becomes an economic system that is also based on private ownership just like the political one. The production and the profit gained through the selling of products ensure how the system…