Elements of social System

Elements of the social system

The social system is characterized by the following elements:

i. Faiths and Knowledge: The faiths and knowledge bring about the uniformity in the
behavior. They act as controlling agencies of different types of human societies

ii. Sentiment: Man does not live by reason alone. It is the sentiments such as filial, social,
notional, etc. that provides social integration and continuity.

iii. End Goal or object: The component of society an i.e. man fulfills his needs from society
which is the goal of a society.

iv. Ideals and Norms: Society lays down certain norms and ideals that lead to
the organization and stability of society. Due to them, human behavior does not
become deviant and they.

v. Status and Role: Every individual occupies a status and role defined by it.

vi. Power: Conflict is a part of a social system, and order is its aim. So, someone in society
is vested with the power to punish the guilty and reward those who set an example.

vii. Sanction: Society imposes penalty or punishment for deviances and rewards for good
deeds.

Comments

Post a Comment

Popular posts from this blog

Why Entrepreneurs facing Challenges In Nepal

  Startups in Nepal face a number of challenges that can make it difficult for them to succeed. Some of the reasons why startups face challenges in Nepal include: <script async src="https://pagead2.googlesyndication.com/pagead/js/adsbygoogle.js?client=ca-pub-4728308312159415" crossorigin="anonymous"></script> Access to financing : One of the most significant challenges faced by entrepreneurs in Nepal is access to financing. The country's financial sector is still underdeveloped, and many entrepreneurs struggle to secure the capital they need to start or expand their businesses. Lack of infrastructure : Nepal's infrastructure is still underdeveloped, and this creates numerous challenges for entrepreneurs. Poor transportation systems, inadequate power supply, and limited internet connectivity make it difficult for entrepreneurs to operate efficiently. Regulatory barriers : Regulatory barriers are another significant challenge faced by entrep...
Read more

Why NEPSE faces Bearish Trend in From 2022

NEPSE, the Nepal Stock Exchange, has faced bearish trends in recent days due to several factors. Some of the reasons for the bearish trend in NEPSE include:   COVID-19 pandemic : The ongoing COVID-19 pandemic has had a significant impact on global markets, including NEPSE. The pandemic has led to a slowdown in economic activity, which has affected the performance of many companies listed on the NEPSE. Political instability : Nepal has experienced political instability in recent years, which has contributed to a lack of investor confidence in the Nepalese stock market. Political instability can create uncertainty for investors, making them hesitant to invest in the stock market. Limited liquidity : The Nepalese stock market has relatively low liquidity, meaning that there are fewer buyers and sellers in the market. This can make it difficult for investors to trade their shares, which can contribute to a bearish trend. Reduced foreign investment : Foreign investment in Nepal has been...
Read more

Accounting System used in Nepal

  In Nepal, the accounting system used is based on the Generally Accepted Accounting Principles (GAAP). The Nepalese accounting system is similar to the accounting systems used in other countries and is governed by the Nepalese Financial Reporting Standards (NFRS) issued by the Institute of Chartered Accountants of Nepal (ICAN) and the Nepal Rastra Bank (NRB). Additionally, Nepal has implemented the Nepal Financial Reporting Standards (NFRS) for Small and Medium Enterprises (SMEs) which are designed to meet the specific needs of SMEs in Nepal. The NFRS for SMEs has simplified reporting requirements and provides guidance on the accounting treatment of various transactions specific to SMEs. <script async src="https://pagead2.googlesyndication.com/pagead/js/adsbygoogle.js?client=ca-pub-4728308312159415" crossorigin="anonymous"></script>
Read more