Lecture 1

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Government college women

university Faisalabad

 Subject Name: Principles of Microeconomics


 Course code: ECO-200
 Instructor Name: Freeha Naz
 Class &Section: BS IT (MA)
 Topic: Social System
 Lectures No: 1
Social System
Contents

 System
 Meaning
 Definition
 Characteristics
 Elements
 Maintenance of Social system
Objectives

After Study this topic student will be able to explain

 What is System?
 Meaning
 Definition
 Characteristics
 Elements
 Maintenance of Social system
System

 Orderly arrangement, an interrelationship of


parts.
 In the arrangement, every part has a fixed place
and definite role to play.
 The parts are bound by interaction.
 Eg: Human body
Meaning of Social system

 An arrangement of social interactions based on shared


norms and values.
 In the process, one influences others and the groups
are formed.
 All are bound by oneness and the pattern that comes
into existence is social system.
Definition

 “A plurality of social actions who are engaged in


more or less stable interaction according to shared
cultural norms and meanings”
Characteristics

 System is connected with the plurality of individual


actors.
 Aims and objectives
 Order and pattern amongst various constituent units.
 Functional relationship is the basis of unity.
 Physical or environmental aspect of social system.
 Linked with cultural system.
 Adjustment.
Elements

 Faiths and knowledge.


 Sentiment.
 End goal or object.
 Ideas and norms.
 Status-role.
 Power.
 Sanction.
Maintenance of Social system

 Socialisation
 Social control
References

 Book: Principles of micro economics by


Mankiw 2nd edition of principles of micro
economics Mcconel and Bruce 17th edition of
principles of Microeconomics.

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