Relationship of Sociology with economics, Psychology and Anthropology – Sociology | BBA Notes

Relationship of Sociology with economics, Psychology and Anthropology

Relationship of Sociology with economics, Psychology and Anthropology

Human behavior and social phenomena are studied in four important disciplines: sociology, economics, psychology, and anthropology. All three disciplines are interrelated and have a significant impact on each other, even though they each have their own focus and methodologies. This essay examines the relationship between sociology and economics, psychology, and anthropology.

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The service sector has lower productivity improvements than the manufacturing sector because ___________.

The service sector has lower productivity improvements than the manufacturing sector because ___________.

 Options:

A. the service sector uses less skilled labor than manufacturing .
B. the quality of output is lower in services than manufacturing .
C. services usually are labor intensive .
D. service sector productivity is hard to measure .

The Correct Answer Is:

  • C. services usually are labor intensive .

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Financial markets improve economic welfare because

Financial markets improve economic welfare because

 Options:

A. they allow funds to move from those without productive investment opportunities to those who have such opportunities.
B. they allow consumers to time their purchases better.
C. they weed out inefficient firms.
D. they do (A) and (B) of the above.

The Correct Answer Is:

  • D. they do (A) and (B) of the above.

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