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The Market as a Social Institution
When did the non-market exchange based economy of rural India became market oriented?
Such change was witnessed in rural economy during the period between advent of colonialism and early post-independence. It happened because commercial money economy had gradually penetrated into local agrarian economy. It also brought radical social and economic changes in rural and urban society.
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How does a sociological prospective on markets differ from an economic one?
In what ways is a market-such as a weekly market a social institution.
How many caste and kin networks contribute to the success of a business?
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?
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