IGNOU BSOC 108 Important Questions With Answers English Medium

IGNOU BSOC 108 Important Questions With Answers English Medium

IGNOU BSOC 108 Important Questions With Answers English Medium-BSOC 108 Economic Sociology is a course offered by the Indira Gandhi National Open University (IGNOU) for its Bachelor of Arts (Honours) Sociology program.

IGNOU BSOC 108 Important Questions With Answers English Medium

Course Structure:

  • Unit 1: Introduction to Economic Sociology
  • Unit 2: Markets and Market Societies
  • Unit 3: Work and Organizations
  • Unit 4: Money, Finance and Consumption

Q.1 Describe the relationship between society and economy.

The relationship between society and the economy is deeply intertwined, with each exerting profound influences on the other. Society, comprised of individuals and social institutions, shapes the economic landscape through cultural norms, values, and institutions, while the economy, in turn, influences social structures, relationships, and opportunities. Understanding this intricate relationship is crucial for comprehending the dynamics of social change, economic development, and the distribution of resources within societies.

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IGNOU BSOC 108 Important Questions With Answers English Medium-At its core, society provides the foundation upon which economic systems operate. Social structures, such as family, education, religion, and government, play pivotal roles in shaping economic behavior, preferences, and outcomes. 

Cultural norms and values, transmitted through socialization processes, influence attitudes towards work, consumption, saving, and investment, thereby shaping economic behavior and decision-making. For example, cultural beliefs about the importance of education may drive investments in human capital, while cultural attitudes towards entrepreneurship may influence rates of innovation and economic growth.

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Moreover, social institutions, including government policies, legal systems, and labor markets, exert significant influence on economic activities and outcomes. Government policies, such as taxation, regulation, and welfare programs, shape incentives and constraints for economic actors, affecting investment decisions, income distribution, and economic growth. 

Legal systems establish property rights, contract enforcement mechanisms, and dispute resolution procedures, providing the framework within which economic transactions occur. Labor markets, governed by social norms, laws, and bargaining processes, determine wages, employment levels, and working conditions, shaping economic opportunities and social mobility.

Conversely, the economy influences social structures, relationships, and opportunities within society. Economic systems, such as capitalism, socialism, and mixed economies, shape the distribution of resources, power, and opportunities among different social groups. 

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Capitalism, characterized by private ownership of the means of production and market competition, tends to generate inequalities in wealth and income, influencing social stratification and mobility. Socialism, on the other hand, emphasizes collective ownership and state intervention in the economy, aiming to reduce disparities and promote social welfare.

IGNOU BSOC 108 Important Questions With Answers English Medium-Furthermore, economic activities, such as production, consumption, and exchange, structure social relationships and interactions within society. Division of labor and specialization, fundamental features of economic systems, create interdependencies among individuals and social groups, fostering cooperation, exchange, and social cohesion. Economic inequality, however, can strain social relations and exacerbate tensions between different social groups, leading to social unrest, conflict, and polarization.

Moreover, economic globalization, characterized by increased cross-border trade, investment, and integration, has far-reaching implications for societies worldwide. Globalization has facilitated the spread of ideas, cultures, and technologies, reshaping social norms, identities, and lifestyles. It has also led to the outsourcing of jobs, restructuring of industries, and widening income disparities within and between countries, posing challenges to social cohesion and economic stability.

IGNOU BSOC 108 Important Questions With Answers English Medium-The relationship between society and the economy is dynamic and complex, characterized by constant interactions, feedback loops, and mutual dependencies. Changes in one sphere often have ripple effects across the other, creating both opportunities and challenges for individuals, communities, and societies. 

Therefore, fostering inclusive, equitable, and sustainable economic development requires a holistic understanding of the interconnectedness between social and economic processes, as well as concerted efforts to address social inequalities, promote social cohesion, and ensure that economic growth benefits all members of society.

Q.2 What do you understand by Economic Sociology ?Discuss its sociological significance.

Q.3 How many types of exchange are found insociety ? Discuss any one of them with illustrations.

Q.5 What is Money ? Discuss its role in market societies.

Q.6 Describe the features of the hunting and gathering societies found in India.

Q.7 Who are the pastoralists ? Discuss their major characteristics.

Q.8 What is mode of production ? Discuss different

types of modes of production with suitable examples.

Q.9 What are the major features of a capitalist society ? Discuss.

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Q.10 Discuss the relationship between culture and economy.

Q.11 Describe the views of Max Weber on the inter-relation between economy and society.

Q.12 What do you understand by New Economic Sociology ? Discuss.

Q.13 Describe the evolution of money in society as a form of exchange.

Q.14 What is horticulture ? Discuss its various types.

Q.15 Discuss some of the dimensions involved in gift-giving in society


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