The Market as a Social Institution

Name: Wired Faculty - The Best Learning App
Rating: 4.6 (1864 reviews)

Question

How in pursuance of self-interest, interests of society are looked after?

Solution

Suppose someone inspite of being rich does not waste or misuse things while using, consuming or practising with; this he does in view of saving but it engenders natural savings if all people follow this trend. This will result in control on fluctuation in prices of commodities thereby BPL level contained to a great extent.

For Daily Free Study Material Join wiredfaculty

How in pursuance of self-interest, interests of society are looked after?

Phone Number

Email Address

Loaction

For Daily Free Study Material Join wiredfaculty

The Market As A Social Institution

How in pursuance of self-interest, interests of society are looked after?

Some More Questions From The Market as a Social Institution Chapter

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?

What is kinship? Discuss the functions of kinship in Indian society.

Discuss the positive and the negative impacts of globalisation.

Mock Test Series

NCERT Sample Papers

Entrance Exams Preparation