Answer:
An economic system is any system of allocating scarce resources. Economic systems answer three basic questions: what will be produced, how will it be produced, and how will the output society produces be distributed?
There are two extremes of how these questions get answered. In command economies, decisions about both allocation of resources and allocation of production and consumption are decided by the government. In market economies, there is private ownership of resources—established though property rights—and the factors of production and consumption are all coordinated through markets. In a market system, resources are allocated to their most productive use through prices that are determined in markets. These prices act as a signal for buyers and sellers. Most economies are mixed economies that lie between these two extremes.
In either system, a rational agent would allocate resources and production using marginal analysis. In command economies, this is more difficult to do because without markets, prices fail at being an effective signal.
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Laws protect not only peoples safety, but their right as well. If laws were to not exist the world would be in total meltdown (just like the purge all the time).
Medieval society was full of social evils. Some of these were early marriage, slavery system, satee system and so on. In this period, people had very hard and struggled life. Girls were not allowed to exhibit even their face to any unknown persons.
Most of these customs are brought from Hindu and Buddhist traditions. People of diverse religion and belief are the dominant features of Nepali society. Hinduism, Buddhism, Islam and Christianity are the major religions that are practiced in Nepal. People have a sense of unity, though living in the diversity.
Hopefully this helps you out :)
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