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A Theory of Sustainable Sociocultural and Economic DevelopmentEconomy and Society

A Theory of Sustainable Sociocultural and Economic Development: Economy and Society [The existence of an economy is essential to the formation and sustenance of society. No society can survive without an economy efficient enough to meet, at the very least, the basic needs of its members. Every economy exists for the sole purpose of meeting the growing needs of people as life conditions change. Economy, therefore, is a component of society; and society is the framework within which economy functions. Because of this relationship, every society has its own economy, and every economy reflects the needs and cultural attributes of society, as well as the major traits of the civilization in which it lives.] http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

A Theory of Sustainable Sociocultural and Economic DevelopmentEconomy and Society

Rabie, Mohamed
Springer Journals — Dec 29, 2015
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Publisher
Palgrave Macmillan US
Copyright
© The Editor(s) (if applicable) and The Author(s) 2016
ISBN
978-1-349-88759-0
Pages
67 –79
DOI
10.1007/978-1-137-57952-2_6
Publisher site
See Chapter on Publisher Site

Abstract

[The existence of an economy is essential to the formation and sustenance of society. No society can survive without an economy efficient enough to meet, at the very least, the basic needs of its members. Every economy exists for the sole purpose of meeting the growing needs of people as life conditions change. Economy, therefore, is a component of society; and society is the framework within which economy functions. Because of this relationship, every society has its own economy, and every economy reflects the needs and cultural attributes of society, as well as the major traits of the civilization in which it lives.]

Published: Dec 29, 2015

Keywords: Social Order; Free Market; Industrial Revolution; Economic Problem; Central Planning

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