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The Market as a Social Institution
What has been argued by Adam Smith while referring to phenomenon of 'invisible hand' involved in transactions?
Adam Smith argues that the capitalist economy is drawn by individual self-interest and its works best when individual buyers and sellers make rational decisions that serve their own interest.
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In what ways did the Indian economy change after the coming of colonialism?
Explain the meaning of commoditisation with the help of examples.
What is a status symbol?
What are some of the processes included under the label globalisation?
What is meant by liberalisation?
In your opinion will the long term benefits of liberalisation exceed its costs? Give reasons for your answer.
How can you state that markets are nothing else but a kind of social organisation?
What is kinship? Discuss the functions of kinship in Indian society.
Discuss the positive and the negative impacts of globalisation.
Discuss the emergence of new market during colonial India.
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