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External Economies of Scale Definition and Types with Examples

External Economies of Scale Definition and Types with Examples

Definition of External Economies of Scale External economies of scale are not related with the ability, skill, management, education and experience neither these are linked with a specific business. All the businesses enjoy these economies equally. These economies arise as a result of the expansion of …
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Internal Economies of Scale, Definition and Types

Internal Economies of Scale, Definition and Types

Definition is Internal Economies of Scale “Internal economies are those economies in production which occur to the firm itself when it expands its output or enlarge its scale of production”. Types of Internal Economies of Scale Folllowing are the types of Internal economies of scale: Administrative …
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Characteristics of Rural and Urban Community

Characteristics of Rural and Urban Community

What is Community We can define community as a larger group of individuals living together for a long time in a locality having common interest, goals, ways of life and norms etc. and meeting out most of their needs from local social institutions. The examples of …
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Sources of Social Change, Cultural Base and Population Structure

Sources of Social Change, Cultural Base and Population Structure

There are three main sources of social change i.e. Cultural base Change in population structure and The extraordinary gifted persons Culture Base By cultural base we mean the number of cultural traits existing at a given time and place. For example if there were one thousand …
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Theories of Social Chang, Dialectic & Cyclic Theory

Theories of Social Chang, Dialectic & Cyclic Theory

Since the dawn of recorded history we find many scholars and social philosophers who made contributions in this field. Keeping aside the versatile ancient Egyptian, Mesopotamian, Greek, Hindu, Chinese and Persian scholars there were many intellectuals who appeared after tenth century and tried to explain the …
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Categories of Culture – Material and Non Material Culture

Categories of Culture – Material and Non Material Culture

Culture is the man made environment Most of which is transmitted from one generation to the other. Culture is a very wide term which covers the entire activities, ways of thinking, behaving and many other things ranging from very simple to the most complicated learned behavior …
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Types of Social Norms Folkways, Mores and Laws

Types of Social Norms Folkways, Mores and Laws

The types of social norms are the following Folkways Mores Laws 1. Folkways Folkways are man’s actions repeated by him in his habit and a repeated behavior by group of people in a custom. Summer defines folkways saying that “These are the socially approved ways of …
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Social Norms Definition and Functions & Types of Social Norms

Social Norms Definition and Functions & Types of Social Norms

Definition of Social Norms Social norms clearly define the roles of the individuals or people in different situations hence these social norms are the codes of mutual relationship. These draw a line between what is right and what is wrong. These guide our interaction patters on …
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Humans are Social Animals, Relationship of Man and Society

Humans are Social Animals, Relationship of Man and Society

Society is a group of people living together for a longer time fulfilling various needs of the people. Society is the product of social relationship among individuals. They come in contact with each other through the process of give and take. A human relationship exists for …
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Growth of Capital Depends Upon Savings, Foreign Loans & Investment

Growth of Capital Depends Upon Savings, Foreign Loans & Investment

What do you understand by capital?  On what does the growth of capital in a country depend. According to Alfred Marshall “Capital consists of those kinds of wealth, other than free gifts nature, which yield income” in the words of Samuelson “Capital goods represent, product goods …
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