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The Market as a Social Institution
Explain the organisation of indigenous trading networks of colonial India.
(i) It was an organisation of caste, kinship and family.
(ii) Business activity was carried within that organisation.
(iii) Traditional merchant communities have established banks basically these were joint family firms.
(iv) These communities had expanded trading activities through marriage ties which were extended to abroad i.e. Southeast Asia and Ceylon.
(v) These communities had strong hold in India or such trading activities represented a kind of indigenous capitalism.
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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.
How is capitalism a social system pushed in the alley of commodification?
What is commodification or commoditisation? Explain.
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