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The "IGNOU BSOG 176 Economy and Society Study Guide" is a comprehensive resource meticulously designed to provide extensive insights and practical knowledge for IGNOU students studying the interplay between economy and society. Covering essential concepts, theories, and relationships between economic systems and social structures, this guide equips students with the tools necessary to understand the complex dynamics shaping contemporary societies. From exploring the impacts of economic policies and globalization on social inequality, employment patterns, and welfare provisions to analyzing the role of social institutions in shaping economic behavior and outcomes, students will delve into the multifaceted connections between economy and society. Through case studies, empirical analyses, and real-world examples, this guide facilitates critical thinking and reflection on the interactions between economic processes and social phenomena. By fostering interdisciplinary perspectives, analytical skills, and social awareness, this study material empowers students to engage with economic and social issues, advocate for policy change, and contribute to more equitable and sustainable societies.