Why is understanding demand important to understand how societies answer the basic WHAT, HOW, and FOR WHOM questions? How do we study demand, and how does demand behave?

it is central to the process of deciding WHAT, HOW, and FOR WHOM to produce. In order to study demand, we need to know the price of the product and the quantity available at any given time.

manifest functions are the recognized and intended consequences of any social pattern, while latent functions are those unrecognized and unintended consequences. to analyze the manifest functions of any social institution, we have to study its contribution to the continuation of a group, community, or society.