Two primary institutions exist for the purpose of performing the basic functions of an economic system. TOPICS 1 Economic & Society: Man, nature and social production, Economic system of Some of the most important functions of religion are as follows: 1. social institutions: meaning, characteristics, process of emergence and theoretical perspectives on their role in society July 2015 DOI: 10.13140/RG.2.1.2951.9209 • Transfers traditions and culture from one generation to the next. 3. The overall aim of social institutions is to protect, maintain and improve society. The private sector or market institutions within the domain of business management with the factor of profit as the overriding criterion are engaged in business allocation activities of demand and supply and the price mechanism. • To familiarize the students with the general structure and function of major social institutions. They support the society's survival. To get an identity. Although all the major institu-tions are tied to one another in some way, in this chapter we will focus on the social institutions of the family and the economy. Institutions provide status to every individual. Religion as Social Control 4. Social Institutions A social institution is a complex, integrated set of social norms organized around the preservation of basic societal values. The values of religion reinforce other social institutions and the social order as a whole and as a consequence it perpetuates social … Functions of Social Institution • Simplify human life. • Based on values. Not all the functions of institutions are positive. • Encourage people to follow a set of norms, rules and regulations. Certain aspects of institutions have a … Religion as an Integrative Force 2. Social Institutions Objectives • To introduce the students to the important social institutions. Creating a Moral Community 3. • Reproduce members of society. To promote a culture. 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