The Market as a Social Institution
If capitalism became the dominant economic system in the colonial period, nation-states became the dominant political form. Explain how this process took place.
Capitalism is an economic system in which the means of production are privately owned and organised to accumulate profits within a market system.
Features of capitalism: its dynamic, it has potential to grow, expand, innovate, use technology and labour in a way best assured to ensure the greatest profit.
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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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