Context in Society
An economic system can be considered a part of the social system and hierarchically equal to the law system, political system, cultural, etc. There is often a strong correlation between certain ideologies, political systems and certain economic systems (for example, consider the meanings of the term "communism"). Many economic systems overlap each other in various areas (for example, the term "mixed economy" can be argued to include elements from various systems). There are also various mutually exclusive hierarchical categorizations.
Read more about this topic: Economic System
Famous quotes containing the words context and/or society:
“The hard truth is that what may be acceptable in elite culture may not be acceptable in mass culture, that tastes which pose only innocent ethical issues as the property of a minority become corrupting when they become more established. Taste is context, and the context has changed.”
—Susan Sontag (b. 1933)
“We Americans are supposed to be overly concerned about the child. But actually the intelligent care of children in our society is balanced by a crass indifference to the helplessness of infancy and youth. Cruelty to children has become more widespread but less noticed in the general unrest, the constant migration, the family disintegration, and the other manifestations of a civilization that has been torn away from its original moorings.”
—Agnes E. Meyer (1887–1970)