- Max Weber a German Sociologist attributed the rise of
organizations to the following factors: expansions of markets,the developments in the law, and thechanges in the nature of authority. -It refers to the act of coordinating varoius factors of production - land,labor, and capital. Kinds of Economic Organization
Sole Proprietorship - The oldest form of business
organization, sole proprietorship is something of a “one man business”. Partnership- This type of businesses that have expanded to the point that it may be beyond control of one man develop partnership to ensure better management. Joint Stock Company- is an economic organization that consists of shareholders who subscribe to its capital, which is divided up into a large number of shares. Cooperative Organization- it comes in a variety of forms.There are consumers' cooperative,producers' cooperatives, etc. Reciprocity Reciprocity refers to the mutual exchange of services or goods among social peers. In Anthtopology, reciprocity is classified into three types: general, positive, and negative. General Reciprocity- It is a type of reciprocity in which one offers something without the expectation of immediate return. Positive Reciprocity- This is reciprocal relationship in which there is an immediate reward for giving. Negative Reciprocity- is a relationship in which one side loses in the exchange. Market Transactions Exchange of goods and servs through a market is called market transaction. Market transaction is important especially in measuring the Gross Domestic Product or GDP. Open-Market Transaction-it refers to transaction in which an order is placed by an insider. Close Market Transaction- when there is an order placed by a company's insider to buy or sell restricted securities from within the company's own treasury. Markets and State- they are capable of encouraging economic growth and influence how the benefits of the growth are distributed. These state plays multiple roles in guiding the economy. These can be divided into essential roles,beneficial roles, and politically generated roles. Redistribution- refers to the theory,policy, or practice of lessening or reducing inequalities in income. Transfers- payments or simply transfers are one way payment of money for which no money,good, or services is received in exchange. Social Institutions The Non-State Institutions
State Institutions are institutions that are
within the control of the State. Non-State Institutions refers to institutions that are not under the control of the government or by the state. Banks and Corporations
Banks provide a safe place to save excess
cash,known as deposits. Corporations refers to legal entities which are established under state law that are designed to generate a profit. Religion
- Is another social institution that is
not under the control of the Government. - It is an essential part of a society. Cooperatives and Trade Unions
- This are non-state institutions that play a major
role in the economic development of the society. Trade Unions and Cooperatives are established to ensure the welfare of the workers as well as the consumers. QUIZ 1. A German Sociologist 2. It refers to the act of coordinating varoius factors of production - land,labor, and capital. 3. Oldest form of business organization 4. A type of businesses that have expanded to the point that it may be beyond control of one man develop partnership to ensure better management. 5. An economic organization that consists of shareholders 6. It comes in a variety of forms such as consumers' cooperative,producers' cooperatives, etc. 7. It refers to the mutual exchange of services or goods among social peers. 8-10. Three Types of Reciprocity 11. It is a type of reciprocity in which one offers something without the expectation of immediate return. 12. This is reciprocal relationship in which there is an immediate reward for giving. 13. Is a relationship in which one side loses in the exchange. 14. Exchange of goods and servs through a market. 15. It is when there is an order placed by a company's insider to buy or sell restricted securities from within the company's own treasury. 16. It refers to transaction in which an order is placed by an insider. 17. They are capable of encouraging economic growth and influence how the benefits of the growth are distributed. 18. It refers to the theory,policy, or practice of lessening or reducing inequalities in income. 19. It is a form of payment of money for which no money,good, or services is received in exchange. 20. They are established to ensure the welfare of the workers as well as the consumers. 21. Another social institution that is not under the control of the Government. 22. It is an essential part of a society. 23. It provide a safe place to save excess cash,known as deposits. 24. It refers to legal entities which are established under state law that are designed to generate a profit. 25 This are institutions that are within the control of the State. 26. It refers to institutions that are not under the control of the government or by the state. 27-30. Kinds of Economic Organization.