Some latent, or unintended, consequences include economic setbacks and increased disparities in healthcare and education. It may educate society about how to make sound financial decisions. Shelly S. Lv 4. No society IS completely successful in any of these functions. Self-help groups (SHGs) are small groups of people (especially from rural areas) who pool their resources and individual savings together.FUNCTIONS..→ to enhanc… Production: The first vital process of an economy is production which must go on continuously. Manifest and latent function of advertisements. Favorite Answer. 1. The totalitarian … what are the latent and manifest function of economic institutions? 1. Latent functions are the UNINTENDED functions of an institution. 1 decade ago. American sociologist Robert K. Merton laid out his theory of manifest function (and latent function and dysfunction too) in his 1949 book Social Theory and Social Structure.The text—ranked the third most important sociological book of the 20th century by the International Sociological Association—also contains other theories by Merton that … Answer Save. An economy with fairly constant output growth and low and stable inflation would be considered economically stable. Relevance. An economic institution may provide business inventory financing and indirect consumer loans. One positive latent function may … Using merton's concepts of 'manifest' and latent' functions, explain the persistence of corruption in indian society - 11901142 namo8727 namo8727 19.08.2019 That will give you the manifest functions. Robert Merton's Theory of Manifest Function . Economic stability is the absence of excessive fluctuations in the macroeconomy. Manifest functions are the recognized and intended consequences of any social pattern, while latent functions are those unrecognized and unintended consequences. In summary, the economic functions of a government include: Protection of private property and maintaining law and order / national defence. “Production includes any activity, and the provision of any service, which satisfies and … Manifest function and latent function of school - 3111620 Answer: The manifest functions of school education include providing students with an intellectual framework, imparting practical skills, and conveying society's values. - 9485528 To analyze the manifest functions of any social institution, we have to study its contribution to … The function of an economic institution in society is to enhance development and financial security through the provision of financial services. Economies might differ in their organization but all perform these three functions which are discussed below. 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