The basic principles and laws of a nation, state, or social group that determine the powers and duties of the government and guarantee certain rights to the people in it.
A sociological theory by Goffman states that in places like boot camps and prisons, resocialization occurs. These places are termed total institutions. <span>Total institutions exert total control over the lives of people who live there. The places try to eliminate the individual identity and subject them to harsh treatment.</span>
Global connectedness has resulted to cultural assimilation whereby people are adopting what they consider as superior social practices from mostly the Western culture. Global connectedness has made information available through access to the internet and people are now likely to have similar social practices world over
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The commodity markets are those in which raw or primary products are traded. There is a distinction between hard and soft commodities.
- Soft commodities are products from agriculture or livestock such as wheat, barley or milk.
- Hard commodities comprise products from minery or extraction activities, such as silver, oil or coal.
