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Erschienen in:
2016 | OriginalPaper | Buchkapitel
Economy and Society
verfasst von : Mohamed Rabie
Erschienen in: A Theory of Sustainable Sociocultural and Economic Development
Verlag: Palgrave Macmillan US
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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.