ECONOMY IN NEPAL

ECONOMY IN NEPAL


There is a close relationship between an economic system and social institutions. Economics system may change due to the form of society, condition, interest, demand nature of consumption, culture, religion and norms and values and assumptions. Thus, form and nature of society and culture determine the form of economic system. On the other and, socio-cultural system are built according to the basis of and relation of nature of an economic system. A Socio-cultural system is built according to the nature of a system of production in society. From the two analyses economy is the adoptive institution of society.

The Economy is an important institution in the process of running social system. It continually has its impact on society. The Economy is an integrated system of consumption, production, distribution and exchange. It is affected by socio-cultural and geo-ecological aspects. Certain kind of economic system, relations and behavior are selected for making easy the livelihood patterns of people. The Economic system in a society is selected on the basis of what kinds of productions can give what kinds of benefits to the people. The ideas, norms, values, culture, level of development, a -political consciousness of a society. According to these assumptions, the production system of different natures having different economic features and centred on different assumptions are built on different times and periods. There is a close relationship for this is that economy is the adoptive institution of society we cab not understand the economy in isolation from society and culture. Changes take place in the production system as the process of production is forced forward according to the needs and wishes of the society. The Economy is, in fact, an adoptive institution. It changes with its interaction with society. So, difficult kinds of the economies develop in the social system.

Economic is dynamic which means people change the old or existing structure of the economy in the process of fulfilling their wishes, wants and lacks. they develop a new economic system which could fulfil the needs of society. So, the economics of the world have been changing. Today's capitalistic economy is also an outcome of this. It indicates that there is dynamism in an economy. This change depends on social needs. When one kind of economy can not fulfil the needs of the community the basis for another economy is built. And that new economic system gets adopted by society.

In sociology and anthropology economic system refers to the working system of the economic activities of a community. This system fulfills the economic needs of that community. The Economic institution is not only confined to the fulfillment of the economic needs of a community, it also has the impact on society and culture and so is the centre of study of society. The Economic institution is more related to the centre of study of society. The Economic institution is more related to the goods and services, their consumption and distribution. In sociology and anthropology, it is very necessary to study what economic institutions developed in which society and culture, what is the form of market and labour division within that, what was the impact of these processes on a socio-cultural life of human beings. On the basis of this we can understand socio-cultural change and the activities of human life.
ECONOMY IN NEPAL ECONOMY IN NEPAL Reviewed by TownVillage View on 9:51:00 PM Rating: 5

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