Give Three Examples Each of Social and Institutional Roles

question 26

Essay

Give three examples each of social and institutional roles.

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Definitions:

Land

The part of the earth's surface that is not covered by water, often considered in terms of its ownership or use.

Purchase

The act of buying goods or services, often involving a legal transaction between a buyer and a seller.

Consumer Price Index

A measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food, and medical care, used to estimate inflation.

Basket

A collection or group of items or financial assets that are considered as a single unit for purchase, sale, or analysis.