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Definition Of A Social Institution

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Homework Assignment 3
I have read all four articles given in the assignment and familiarized myself with the concept of a social institution from our textbook. ‘Pay Gap Is Because Of Gender, Not Job’ is the title of the article I chose. I identified the social institution in the article as ‘economic’.
Economic Institution
There are five common types of social institutions: economic, governmental, family, educational, religious. They are the principal structures in all societies and relate to general factors of social life and life overall. The chosen article relates to salary matter of males and females that is a part of the economic institution.
General information
In the textbook ‘Introduction to sociology’ stated that in sociology, economy refers to the social institution through which a society’s resources are exchanged and managed. In past years economies were considered as a trade, i.e. a general exchange when people traded goods with each other. Clearly, the modern economy is much more diverse and complex than simple transactions in past yet the aim remains the same: to satisfy human needs and wants we exchange products and services. (400)
So-called Organic solidarity is common for developed countries and based on mutual interdependence that comes from the specialization of work. It means that people earn money by doing a specialized job for further trade with other people who are engaged in a specialized job for

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