Symbolic Interactionism Is a Micro-Level Approach to Sociology

question 38

Essay

Symbolic interactionism is a micro-level approach to sociology.It sees face-to-face interactions as the building blocks of larger social institutions.Describe how individuals interacting with each other can produce larger social institutions.Pick an example and describe how specific social acts can,when repeated by many people,create large-scale social structures.

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Definitions:

Collateral

An asset that a borrower offers to a lender as a security for a loan, which can be seized if the loan is not repaid.

Credit Cost Curve

Graphical representation of the sum of the carrying costs and the opportunity costs of a credit policy.

Carrying Costs

Expenses associated with holding inventory, including storage, insurance, and opportunity costs.

Opportunity Costs

The cost of foregoing the next best alternative when making a decision.