Which of the following would be studied by economics but not necessarily by sociology, according to the passage?
Answer & explanation
Correct answer: option 1
The correct answer is Option 1: The probable impact of a specific investment.
Option 1: The probable impact of a specific investment – Correct. Economics studies how markets function, including the effects of investments.
Option 2: How caste influences trade – Incorrect. This is part of the sociological study of markets within society.
Option 3: Why particular communities dominate certain markets – Incorrect. Sociology examines how social groups organise and control markets.
Option 4: How markets are socially embedded – Incorrect. This is a key sociological concept .