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The Market as a Social Institution
Question
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Nation-State became the dominant political form during the colonial period. Explain.

Answer

  1. Colonialism establishment ofrule by one country over another. The British colonialism was based on a capitalist system.
  2. Prior to the First World War passports were not widely used for international travel, and in most areas, few people had one.
  3. Nation-state pertains to a specific type of state, characteristic of the modern world.
  4. A government has the sovereign power within a defined territorial area, and the people are citizens of a single nation. However, nation-states are closely associated with the rise of nationalism.

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Some More Questions From The Market as a Social Institution Chapter

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.