2. SOCIAL
INSTITUTION
IT REFER TO ORGANIZED
SETS OF ELEMENTS SUCH AS
BELIEFS, RULES, PRACTICES
AND RELATIONSHIP THAT
EXIST TO ATTAIN SOCIAL
ORDER.
3. SOCIAL
INSTITUTION
IT ALSO REFERS TO WELL-
ESTABLISH AND STRUCTURED
RELATIONSHIP BETWEEN
GROUPS OF PEOPLE THAT ARE
CONSIDERED FUNDAMENTAL
COMPONENTS OF SOCIETY'S
CULTURE.
6. SOCIAL INSTITUTION
The family, economy, health, religion and other nonstate
institutions are the primary examples of social
institutions.
8. THE FAMILY
The family is considered a
vital social institution
The family is a group of people who
are related by blood, marriage and
a shared residence.
In the Philippines, the family is
considered as the foundation of the
nation, as stated in the 1987 constitution.
13. KINSHIP
The family is also the basis for kinship, which is a social
structure defined by relations among individuals linked
by blood or marriage ties.
26. ECONOMY
the economy is an institution that addresses questions
regarding limited resources of society.
27. ECONOMY MUST ADDRESS
SOME BASIC QUESTIONS
What should be produced?
How are these products going to
be produced?
How much are these products?
28. LIBERAL ECONOMIST
the answer to the important questions
regarding the resources of society
should be determined by the market.
The market, according to Adam Smith,
is a self-regulating mechanism.
29. The laws and other processes of the market
determin the number of goods that will be
made available to the members of society, as
well as their prices in the market. The
consumers and suppliers are free to decide for
themselves in participating in market activities,
therefore, there is no need for state
intervention in the economy.
30. SOCIALIST
They believe that the bourgeoisie or
the social class that largely controls
the means of production would have
an overwhelming control over the
free-market economy.
31. According to them, only the
bourgeoisie benefits from the free-
market system. The bourgeoisie is
made up of those who are involved in
the financial sector like bankers.
32. KARL MARX &
FRIEDRICH ENGELS
They argued that the market and
the state should be under the
control of the proletariat or the
laborers.
33. MARKET FAILURE
refer to the cases when the market
becomes inefficient due to
imperfect competition, imperfect
information, imperfect mobility
and the like.
39. CHURCH
religion may be organized into a group
that has Universal membership called
church. the church of a particular
religion may be supported by the largey
society and it also supports the beliefs
of the larger society.
40. SECT
religion may be organized into a group
that could also be organized into an
exclusive group called SECT. also it
usually challenges the norms of the
larger society.
47. LIBERATION
THEOLOGY
refers to a theology applied to
the core concerns of
marginalized communities in
need of social, political, or
economic equality and justice.